Accounting Firm in Chesterfield County, Virginia

Not Disclosed, VA
Chesterfield County

Asking Price: Annual Revenue:
$279,000 $270,000

Services: Financial, Accounting, Insurance

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RE: Accounting Firm in Chesterfield County, Virginia Broker: Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $279,000
Annual Revenue: $270,000
Net Profit: $90,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 4
BBN Listing #: 740048609
Broker Reference #: Not Disclosed

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Business Overview:

This accounting practice has been serving business owners and individuals throughout Virginia for over 20 years. The firm has multiple revenue streams including primarily tax work, bookkeeping, accounting and payroll. The firm is efficiently staffed and has several experienced professionals.

Operators in the Accounting Services industry offer a wide array of services, including tax preparation and compliance work, consulting assistance and bookkeeping and payroll. The industry has grown steadily over the five years to 2019, buoyed by economic growth, rising equity markets and an increasing number of new businesses. As revenue expanded, new accounting firms have entered the industry and competition has intensified. In an attempt to boost market share, the industry's largest players have increasingly acquired smaller companies strategically to heighten their service offerings to include ancillary consulting services. Overall, industry revenue is projected to rise at an annualized rate of 4.8% over the next five years.

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Property Features and Assets:

Location is leased. Rent is $1,400 per month.

Reason for Selling:

Owner wishes to retire.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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