This is a well-established bookkeeping / accounting service with 49 clients. Services provided include bookkeeping, payroll, quarterly taxes, excise tax, invoicing, paying bills via check register, and preparing financial statements. The company does not prepare federal income tax returns. The seller works 30 to 40 hours a week. There are 2 employees - one works 30 hours a week and the other works 20 hours a week. The business is run out of the seller’s personal residence. Most of the clients are in the city of Seattle, although the seller does not travel to the client’s location. The clients send their information via e-mail or mail, so all the bookkeeping work is performed at the seller’s personal residence. Due to age and declining health, the seller is looking to retire. This is an exciting opportunity to take over a well-run bookkeeping business and grow it to the next level.
This is a home-based business, so the buyer will need to move the business to a location of the buyer’s choosing. The equipment included in the sale are items such as computers, printers, desks, and filing cabinets.
Competition / Market Pros & Cons
This is a business with 36 years history of providing excellent service. Many clients have been with the company for many years. The bookkeeping and accounting industry tends to be more recession-proof since businesses need to keep accurate books regardless of the economy. With the right personality and attention to detail, the buyer can take over the 49 clients and further grow the business.
Growth and Expansion Pros & Cons
Due to age, the seller does very little to get new business. All the new business comes from CPA referrals and client referrals. A buyer with fresh energy can actively market the business and obtain more clients.
Support / Training Available
Seller will introduce clients to the buyer to ensure a smooth transition.
Reason for Selling
Seller Will Provide?
The seller will not entertain seller financing or earn-out arrangements. Cash out offers only.