Full-Service Accounting and Tax Practice- Oklahoma

Oklahoma City, OK
Oklahoma County

Asking Price: Annual Revenue:
$1,200,000 $942,000

Services: Financial, Accounting, Insurance

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RE: Full-Service Accounting and Tax Practice- Oklahoma Broker: Fred Phillips

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $942,000
Net Profit: Not Disclosed
Cash Flow: $429,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 989355040
Broker Reference #: 7203-0711

Email or Print Listing

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Business Overview:

This is a fast-growing independent accounting and tax practice offering full-service financial services that would make an excellent acquisition candidate for a expansion minded accounting firm. In business over 10 years, they have developed a loyal client base, predominately through referrals and word of mouth. The firm prides itself on being a client-focused culture and their clients notice. All existing personnel are expected to work with or for the new buyer, but some additional personnel will be required to help keep with the ongoing and ever-increasing work in the pipeline. The ideal buyer should have sufficient personnel to assist this firm with it’s current workload and future growth, or an experienced CPA ready to step into a turn-key practice that can immediately devote time on their workload.

Mix of business is about 50% tax work for businesses, about 33% tax work for individuals, and the balance in bookkeeping and payroll. Their clients are local, statewide, and national. This practice has about 650 clients, and about 200 are business clients.

Growth has been spectacular, with revenue increasing about 38% annually on average over the last 3 years. Profitability is strong, with Sellers Discretionary Earnings and EBITDA of $429,000 and $359,000, respectively, in 2021.

To learn more about this excellent opportunity, and so we can determine if this might be a mutual fit, please respond using the link on this site, or reply to info@bizxspecialists.com.

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Property Features and Assets:

The principal has put a longer-term lease on hold (leasing month to month) so the buyer can decide to continue leasing the existing space or move operations to another location.

Market Competition and Expansion:

The business has grown an average of about 38% each year for the last 3 years without outbound sales or marketing campaigns. A logical step for additional growth for a buyer with adequate personnel, would likely be to expand additional service to their clients, especially to their business clients.

Reason for Selling:

Recent personal issues are forcing sale.

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.

Relevant Links:

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