Seller's Contact Information
- RE: Profitable Accounting Firm In Richmond, Virginia
- Contact: Gavin Raphael
Quick Facts
Asking Price: | $1,400,000 | |
Annual Revenue: | $1,400,000 | |
Net Profit: | $500,000 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $10,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 7 | |
BBN Listing #: | 238048609 | |
Broker Reference #: | Not Disclosed |
Business Overview:
This accounting and tax practice has been serving business owners and individuals throughout Virginia for more than 10 years. The firm has multiple revenue streams including primarily tax work, bookkeeping, and accounting. The firm is efficiently staffed and has several experienced professionals.
Most of the business is repeat business with existing clients although the company has established professional relationships over time and receives approximately 8 – 10 referrals per week. Certain advertising has been paused in order to manage the production workflow.
Owner will assist purchaser in the transition and would like to remain involved in the business.
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Property Features and Assets:
Real estate is available for purchase for $1 MM.
Market Competition and Expansion:
The U.S. Accounting industry generated $133.0 billion in 2022. Its revenue saw a 2.6% increase from $129.59 billion in 2021, which was enough for the sector to reach an all-time high and maintain its growth after a minor, pandemic-related slump in 2020. Additionally, historical data reveals that the US accounting sector’s annual revenue totaled just $96.95 billion back in 2012 — pointing to an impressive 37.1% increase during the last decade.
Reason for Selling:
Owner wishes to retire.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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