Return to search results

Bookkeeping Company in New Hampshire

New England

Seller Financing Available
Bookkeeping Company in New Hampshire
Contact Seller

Asking Price: $429,900

Cash Flow: $117,092

Gross Revenue: $432,181

EBITDA: N/A

FF&E: $32,000

Inventory: N/A

Rent: $2,500 /Month

Established: 1984

Bookkeeping Company in New Hampshire

Save Print Share Valuation Report

Business Description

This very successful bookkeeping company is over 30 years old. In that time, the business has seen monumental changes in business accountability with the advent of technology, electronic filing, automatic deposits, and cloud-based software. Still, regardless of the changes impacting the industry, this company’s continued success has been due to its commitment to the same high level of personal service that was the basis for the company’s founding. A client contracts with a team of professionals, not just an individual, who are all dedicated to making sure that a full array of resources are available to address a client’s needs. The staff is made up of AIPB Certified Bookkeepers who are all required to maintain annual continuing education credits.
The company offers a variety of services including general bookkeeping, payroll services, and tax preparation for small businesses or individuals. All services are customized to a client’s specific requirements whether they are restaurants, contractors, non-profits, retail stores, service-based businesses, homeowner associations, or individuals and sole proprietors. The company also assists clients in the set-up and training of QuickBooks to get their businesses started or more efficient.
Revenues and profitability continue to strengthen year after year, even with the owner spending less and less time in the office. The company has been managed to be self sufficient with a very strong, experienced, and dedicated staff.

Detailed Information

Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
7/31/2024
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in central/northern New Hampshire, just off a main artery feeding the area. The practice is housed in a very well-maintained professional building, sharing the building with other professional organizations and businesses. There is ample parking, very visible signage, and the facility is fully accessible. The building itself and the interior leased space are functionally efficient and in very good condition. All furniture, fixtures, and equipment are in good to very good condition. The sellers are willing to negotiate a favorable lease with the buyers for a 5-year term with one or two 5-year options, or whatever the buyer feels comfortable with.
Competition:
This company has a very comfortable market share of available bookkeeping firms in its marketplace. There are a few companies who provide similar services, but longevity, loyalty, referrals, reputation, and competence have enabled this company to thrive and maximize its resources on behalf of its clients.
Growth & Expansion:
Concentrate on promoting and supporting bookkeeping services and tax planning rather than tax preparation. The company sees more and more demand for bookkeeping services that cannot be supplied. By transferring tax preparation efforts to more bookkeeping based efforts will allow the company to meet the unfulfilled demand for services. The company needs to strengthen its on-line presence by updating its website and by becoming more active and timelier with its social media marketing presence. There is an opportunity to hire more bookkeepers as there is enough service demand to justify more personnel resources and there is additional room available in the existing office space.
Financing:
May be available depending upon the deal.
Support & Training:
Seller is willing to stay on and train for two weeks and may be available on a short-term consulting basis after the initial training period. Seller is willing to sign a non-compete agreement for 5 years and 50 miles.
Reason for Selling:
Seller is looking to retire and spend more time with family.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Jay Polimeno

Business Listed By:
Jay Polimeno

Sunbelt Business Brokers of New Hampshire

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1658736 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


City Wide Franchise

Franchise Opportunity
Cash Required: 150000