Fast Growing Tech Enabled Accounting Firm W/ 65+% Recurring Revenue
Industry: Accounting, Tax Preparation, Bookkeeping, and Payroll Services
Listing ID: 47819238
Listing Status: New
Fast Growing Tech Enabled Accounting and Business Services Firm W/ 65% Recurring Revenue. Revenue growth of $500-650K per year in the last 4 years. The company specializes in monthly accounting and business service, boasting over 765 monthly contracts that generate more than $180,000 in recurring monthly revenue. 65-70% of the revenue is recurring, a small portion of revenue is derived from annual tax accounting. Services range from accounting, bookkeeping, payroll, business services, and yearly tax preparation. The company utilizes a team-based structure with managers in place which ensures the business will continue to grow post-acquisition. Strong Operations Manager and Tax Manager In Place. Sellers are willing to stay on in a “Business Development” capacity for an agreed-upon compensation to continue to promote and grow the business. Nationwide clientele, no customer concentration, growing monthly recurring revenue basis. All buyers please submit PFS prior to request of the NDA.
Total Sales: $4,272,983
Cash Flow: $2,077,675
FFE Included: Yes
Inventory Included: Yes
Year Established: 2008
Days & Hours of Operation: M-F 9a-5p
Owner Hours Per Week: 40
Monthly Rent: $13,000
Square Footage: 6519
Reason For Sale: Discuss with Sellers.
Discuss with Sellers.
Training & Support: In the event the Sellers exit the business upon sale, they agree to provide a 30 day familiarization period at no cost to the Buyer.
In the event the Sellers exit the business upon sale, they agree to provide a 30 day familiarization period at no cost to the Buyer.