About This Practice
This reputable one-owner firm is a fast-growing accounting practice in New Orleans with a focus on corporate and personal tax, bookkeeping, tax advisory and minor payroll. The practice has experienced exceptional growth, and consistently receives new referrals with no marketing. This opportunity is ideal for a buyer looking for a high quality, loyal client portfolio and an established practice with rapid growth opportunities. This firm has a strong cash flow to owner, averaging 50%, and extensive growth – averaging 15% yearly increase. 2022 projected revenue is $550,000.
The firm has developed its reputation, referrals and growth on a foundation of quality work and personal client service. The clients appreciate how responsive and organized the staff are leading to strong loyalty and referrals. Services are delivered by a team of tech-savvy professionals through tailored business solution packages. Cloud based systems allow the team to be efficient and timely. This practice boasts 5 experienced staff members that work autonomously and maintains strong client relationships. They are a cohesive, trained team of professionals. This practice has great staff who are very experienced yet teachable. They produce high quality work and enjoy working together. They work independently and do not need constant supervision. The office is in a great location on a busy street so there is great visibility and the building is easy to access with ample parking. There is a great opportunity to increase revenue with additional services (CFO/CEO services, cost review, payroll, financial services, etc.). A buyer with an entrepreneurial spirit and excess capacity could continue to grow this firm.
The ideal buyer should be a CPA, have management experience and be forward-thinking with at least 5-7 years of public accounting experience. This is a young, energetic firm and a buyer would need to have strong business knowledge, interpersonal skills and entrepreneurial mind set.
A buyer who is personable, hard working, and charismatic would excel with both the clients and staff. This is an excellent opportunity to capitalize on a very solid foundation and stellar reputation with strong future growth opportunities. Majority of clients are young entrepreneurs with many years of growth and in needed of additional services down the road.
There is an opportunity to add more advisory services with the current client base, which would increase revenues. The clients of this firm like the personalized service and laid-back culture of this practice. An owner with good tax, financial statement review, and QuickBooks experience could handle the technical demands.
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