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- RE: Premier Cannabis Accounting And Bookkeeping Firm
- Contact: Rick Carlson
- License #: 1820673
Quick Facts
Asking Price: | $1,272,000 | |
Annual Revenue: | $825,867 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $317,960 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2007 | |
Employees: | 4 | |
BBN Listing #: | 936982 | |
Broker Reference #: | 1194 ACCOUNTING |
Business Overview:
This 16-year-old, Tacoma, Washington-based Bookkeeping and Accounting business, is a trailblazer in the specialized field of Cannabis Accounting and Bookkeeping. This nearly turnkey, remote-operated business presents a unique opportunity for a buyer looking to venture into a niche market with substantial growth potential. As an industry leader in cannabis accounting, their ability to navigate the complex and evolving cannabis financial regulations, sets the Business apart in a field where few have ventured. With a stable client base primarily developed through referrals, the Business has established a reputation for reliability and excellence. The operational stability is further reinforced by a dedicated remote staff, spread across the U.S., serving their local communities, and bringing over a decade of experience to the table. The Seller is committed to ensuring a smooth transition, offering to remain involved as a salesperson and facilitate introductions to the existing book of business. This is an opportunity for the right buyer to take over a profitable, well-respected business in a niche market. Confidentiality is paramount, and details will be shared with vetted, qualified buyers. A Non-Disclosure Agreement (NDA) is required to receive the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Key Investment Considerations: • Established Leadership:
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Property Features and Assets:
Key Investment Considerations:
• Established Leadership: The Business is led by a highly competent VP. The Seller has been offering oversight from afar as retirement nears with little day-to-day involvement.
• Robust Financial Performance
• Strategic Market Niche
• Comprehensive Transition Support: The Seller will provide ongoing support and personal introductions to the existing clientele, and stay on in a sales role if requested.
Market Competition and Expansion:
Competition: There are companies nearby who offer bookkeeping and accounting services, however, there are no others in the immediate area that specialize in the niche and have the experience this team brings.
Growth & Expansion: The potential for growth and expansion is significant, considering several factors:
o Market Expansion: The cannabis industry is growing rapidly as more states legalize cannabis for medical and recreational use.
o Service Diversification: While the business currently focuses on cannabis accounting and bookkeeping, there's room to expand its service offerings.
o Technology Integration and Automation: With the advent of technology, investing in cutting-edge accounting software and automation tools can streamline operations and open up new service lines.
o Marketing and Brand Awareness: With the very low social media footprint, the company is positioned for ease of re-branding or white labeling under a larger brand.
Reason for Selling:
The Seller is ready to retire full-time.
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
Documents:
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