About This Practice
This is a very long-standing practice with an earned reputation for quality work and personable service. Engagements include compilations, personal tax, minor review work (~5% of total revenue), minor bookkeeping, and minor estate work. Options for the minor review work exist for a non-LPA Buyer. The reputation of the practice brings in regular referrals which are often turned away to maintain the current practice size. The desirable client portfolio has been curated over time to include very diverse and stable client industries. The client base is very loyal, with no clients posing any overly complex service requirements. The staff are also long-term and very committed to the practice. Staff members are all highly capable, able to take files from start to owner-review with very little supervision.
The team is very dedicated, willing to dig in during tax time to ensure work is complete and deadlines are met. The practice operates from an attractive and very well-located office. Space is ample for a growth-minded buyer looking to expand or a Buyer who may want to integrate an existing office; or the current lease arrangement has no locked in term allowing a Buyer to relocate the practice at any time. This is an excellent opportunity for a few Buyer scenarios including a Buyer coming out of industry who’s looking for an excellent and immediate client portfolio, or a Buyer looking to expand their current client base with desirable clients.
The ideal Buyer will be experienced in the services the Practice offers, and will also have strong general business knowledge. The ideal Buyer will be a good relationship builder, able to carry on existing relationships while building relationships with future clients and staff. The Buyer will recognize the value of the loyal and stable client base while also recognizing the level of opportunity to leverage reputation and referrals towards future growth. A Buyer will have the ability to structure operations in their preferred way to increase efficiency, capacity, and take advantage of the growth opportunities available. This practice is ideal for several Buyer scenarios including a Buyer looking to move from industry into ownership, or a Buyer looking to onboard a quality client portfolio to expedite growth of their existing practice.
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