This is a well-established bookkeeping service in Snohomish County, WA. The seller runs the business out of her residence. There are approximately 27 clients in a variety of industries. The services provided include bookkeeping, payroll, A/R, A/P, and filing payroll taxes and Department of Revenue taxes. The business does not prepare federal income tax returns. All clients are on month-to-month, and get charged by the hour. The seller works 30 to 40 hours a week, and there are no employees. Most of the work is performed remotely, although there are some clients that require site visits where the work is done at the clients’ offices. Most of the clients are located within a few cities in Snohomish County. Due to age and health issues, the owner is looking to retire. This is a great opportunity to take over many long-term clients and grow this business 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 choice after closing. The fixtures included in the sale include a large desk, a copy machine, and metal filing cabinets.
Competition / Market Pros & Cons
Established since 1999, the business has developed a reputation for going the extra mile for its clients. The seller has a very loyal client base, many of which have been clients for 18 years. The seller is looking for someone to purchase the business who will look after her clients the way she has. Most of them are like family and the seller wants to make sure they are taken care of.
Growth and Expansion Pros & Cons
Due to her age, the seller has not spent any effort to get new business. Any new clients come from referrals of her existing clients and the CPA’s she works with. A buyer with fresh energy and marketing ideas could take over the current clients and grow the company to the next level.
Support / Training Available
Seller is willing to train and introduce the buyer to all of the clients.
Reason for Selling
Health issues and retirement.
Seller Will Provide?
The seller will not entertain seller financing or earn-out arrangements. Cash out offers only.