Profitable Accounting Firm with 15+ years in Phoenix
Phoenix, Arizona, United States
Asking Price$1.02m
Revenue$813k
EBITDA-
Cash Flow$494k
Description
This profitable, medium-sized accounting firm has been providing quality, personalized financial guidance to local individuals and businesses in Arizona for almost 20 years. Founded in 2007, the company works with a wide range of clients with varying degrees of tax complexity. They provide accounting, bookkeeping, payroll, individual tax preparation, and tax planning services, and pride themselves on offering superior customer service. The book of business consists of both corporate and individual clients, with the bulk of revenue coming from tax preparation services during tax season. Revenue has steadily increased YoY, with a 40% increase in gross sales from 2023-2024.
The seller works full-time in the business, and has a full-time bookkeeper. Basic office equipment is included, including: desks, tables, chairs, computers, printers, file cabinets; Actual Cash Value of equipment is ~$5,000. The business operates out of a leased space of 1,200 square feet, and has 4 separate rooms with a front reception area. Scaling the business is a matter of increasing outbound new business development, expanding corporate tax service, developing more monthly recurring services, and increasing pricing.
The Seller will provide up to 4 weeks of training and orderly turnover to the new owner, at 20 hours per week. They are offering this for both the client side of the business (i.e. introductions to key corporate & individual customers), as well as the operations side of the business (i.e. payroll, working with the accounting software, etc.). Additional training/consulting, if needed, would be available at the seller’s sole discretion, and would be charged at an hourly rate designated by the Seller.
The Seller is looking to retire, and will agree to a non-compete for a period of 5 years, post-close of escrow. For a complete business acquisition summary, please contact Justin Turner, Business Broker, at 623-273-0700, or [email protected].
Financial information shown in this listing (Revenue and Cash Flow) are calculated from the 2024 P&L statement
The business is listed by HUB Commercial, an affiliate of Sunbelt Business Brokers in the State of Arizona. All listing information to be verified by the buyer during due diligence.
Real Estate
Leased
Reason Selling
Seller is Looking to Retire
Asking Price$1.02m
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.