Fast Growing Accounting Firm Focused on Contract Revenue.
Fast Growing Accounting Firm Focused on Contract Revenue.
Price: $10,000,000
Location: Withheld
Industry: Accounting, Tax Preparation, Bookkeeping, and Payroll Services
Listing ID: 47819126
Fast Growing Accounting and Business Services Firm. Revenue growth of $425-391K per year the last 4 years. Company is monthly accounting/services focused with 550+ monthly contracts totaling $111,000+ in monthly recurring revenue. Minority of revenue derived from yearly tax accounting. Services range from accounting, bookkeeping, payroll, litigation, business services, and yearly tax preparation. Team based structure with managers in place assuring the owner is not the business and growth will continue post acquisition. Sellers are willing to stay on in current roles for a smooth transition for 12 months at an agreed upon compensation. Additionally, Sellers are willing to stay on as “Business Development Agents” in a referral capacity for an agreed upon revenue share to continue to promote and grow the business. Nationwide clientele, no customer concertation, growing monthly recurring revenue basis (25%+ YTD). All Buyers please submit PFS prior to request of NDA.
Total Sales: $2,400,000
Cash Flow: $1,614,266
EBIT: $1,399,093
EBITDA: $1,399,093
FFE Included: Yes
FFE: $20,000
Reason For Sale:
Discuss with Owner
Training & Support:
Seller is offering 30 days of training at no cost to the buyer, but are willing to stay on in an employment capacity as well as a referral capacity for a prearranged salary. Sellers are willing to stay on in current roles for a smooth transition for 12 months at an agreed upon compensation. Sellers are willing to stay on as “Business Development Agents” for the accounting firm for an agreed upon revenue share.
Year Established: 2009
Employees: 17
Monthly Rent: $2,495
Type of Location: Fast Growing Accounting and Business Services Firm. Revenue growth of $425-391K per year the last 4 years. Company is monthly accounting/services focused with 550+ monthly contracts totaling $111,000+ in monthly recurring revenue. Minority of revenue derived from yearly tax accounting. Services range from accounting, bookkeeping, payroll, litigation, business services, and yearly tax preparation. Team based structure with managers in place assuring the owner is not the business and growth will continue post acquisition. Sellers are willing to stay on in current roles for a smooth transition for 12 months at an agreed upon compensation. Additionally, Sellers are willing to stay on as “Business Development Agents” in a referral capacity for an agreed upon revenue share to continue to promote and grow the business. Nationwide clientele, no customer concertation, growing monthly recurring revenue basis (25%+ YTD). All Buyers please submit PFS prior to request of NDA.
Square Footage: 1,764
Potential Growth:
Seller's have hired an operations manager
Contract revenue has gone from $110K/month to $127K/Month
Financing/Terms:
Sellers are willing to consider a partial liquidity event with retain minority ownership.
For more information on this listing, please complete our Non-Disclosure Agreement
