Growing Bookkeeping Business

Represented below is an opportunity that has been rigorously vetted and prepared for the sale process.  We are regularly working with many opportunities that are not yet on the market or are outside of the area.  For additional information, simply inquire via the contact link in the ad, or call the listing agent. 

  • Asking Price: $650,000
  • Gross Revenue: $672,936
  • EBITDA: N/A
  • FF&E: $20,000
  • Cash Flow: $219,811
  • Inventory: N/A
  • Established: 1990

Business Description

The Company provides outsourced accounting for small businesses. They have a good reputation in the industry and have many referral sources. They have consistent growth with no marketing. Many of the team members have been with the company many years, and are loved by the clients.


Detailed Information

Employees:
7 FT/2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company is located in a 2200 sq foot office located in a small office complex. Most employees work at the office, and a few work remotely.
Competition:
The company is in an industry that is considered recession-proof. Small businesses need help with their accounting and rely heavily on the companies’ services to operate.
Growth & Expansion:
There is unlimited opportunity for growth. A new owner could add more services to increase revenue with current clients. Clients have expressed interest in training, human resources, and marketing services.
Financing:
$250k down/$400k over 36 mos. @ 5%.
Support & Training:
Will train for 3 weeks @ $0 cost. The Company provides full-service bookkeeping services. Services include payroll, accounts receivable, accounts payable, month-end reconciliations, and reporting. A successful owner will be familiar with small business and accounting. Accounting experience is helpful, but not necessary. The team is able to handle the day to day with some support and oversight.
Reason for Selling:
Owner would like to spend more time with family and pursuing other interests.
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