About This Practice
This virtual boutique accounting firm is focused on providing high quality planning, reporting, bookkeeping and monthly accounting to startup and growing businesses. This practice provides tailored solutions and advice to clients with a high level of personal service. This practice has experienced exceptional growth and client feedback has been excellent. The owner has great relationships with a small number of selective clients that are entrepreneurial and fast-growing companies.
The practice has very loyal client relationships that were developed as a result of providing transparent and tailored advice. Most client businesses operate in an emergent industry with a dynamic regulatory landscape. Solutions are embedded within the client’s operations, which results in lasting relationships and high retention.
This firm has great billing strategies. There is a steady cash flow with no accounts receivable. Tax work is billed on the front end prior to work being done, monthly clients are billed automatically at the start of the month. Currently customer leads are brought in by referral. The firm has a loyal and growing following.
The buyer must be forward thinking, open minded and enthusiastic about running a very different kind of accounting practice. An entrepreneurial mindset will be helpful with clients, since the buyer would serve in an advisory role for clients’ businesses. Experience in upper-level management or MBA would be very helpful.
A buyer would need to be comfortable providing guidance for industry specific regulations and keep clients well informed. The buyer would need to be a “big picture” thinker that is committed to helping clients with their strategy for growth. It would be important that a buyer has the ability to learn new things quickly.
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