Gross Revenue: $275,000
Location: Virtual,
Industry: Accounting, Tax Preparation, Bookkeeping and Payroll Services
Listing ID: US-2142
Listing Status: New
This fully virtual firm is not a CPA firm but is an accounting firm in the truest sense. The firm does not prepare tax returns or perform attestation services. While helpful a CPA license is not required (no peer reviews). The buyer of this firm will need to have significant experience in advanced GAAP accounting for publicly traded companies, including preparing disclosures of accounting practices, etc. The owner only works about 1,200 hours per year. There is growth potential with the current three clients and additional clients. The practice occupies a unique niche and long-standing relationships with clients. No travel is required. Tax preparation services could be offered to existing clients as another growth possibility.
The owner is retirement age but is willing to remain involved to ensure a smooth transition. The one employee is a highly competent Senior Accountant, is expected to remain with the firm and has a non-solicitation agreement in place. This is an excellent opportunity for a new owner looking to establish a practice.
Business ID: US-2142
Reason For Sale: The Seller is retiring, but is open to working for the buyer for a transition period.
Training & Support: The Seller will sign a non-solicitation/non-compete agreement. Staff has non-compete/non-solicitation agreements in place. The Seller will gladly work with the Buyer to transition the clients.
