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Bookkeeping & Accounting Services Business

CA (Relocatable)

Bookkeeping & Accounting Services Business
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Asking Price: $2,600,000

Cash Flow: $753,327

Gross Revenue: $2,352,745

EBITDA: N/A

FF&E: $25,000

Inventory: N/A

Established: 2010

Bookkeeping & Accounting Services Business

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Business Description

This is a very rare opportunity to acquire a bookkeeping and accounting business. A CPA license is NOT required to own and operate it since they do not do any income tax work.

The revenue is nearly all recurring and the compound annual growth rate has been nearly 20% for the past 4 years. The growth rate has accelerated to 34% in 2018. The trailing-twelve-month revenue ending April 2019 is nearly $2.4 million. Owner earnings for the same period exceed $750,000.

Revenue in 2018 is above $2.1 million which is up from under $1.6 million in 2017. 2019 is poised to be a record year for revenue and profit.

The right buyer is a professional or company that has a strong background in bookkeeping and/or corporate accounting. The company manages books for businesses in a variety of industries including law firms, real estate, apparel, health and fitness, software and many other industries.

The revenue is well distributed amongst its client base. No single customer exceeds 6.5% of its revenue.

This is a recession-resistant business for a qualified buyer. Although the customer base is primarily in California, it can eventually be relocated.

This is a highly confidential matter. No information will be provided without a signed confidentiality agreement and a completed financial profile demonstrating the financial wherewithal to consummate a transaction. If there is interest, please contact Bob Grewal at bob@seapointadvisors.com for a confidentiality agreement and profile form.

Detailed Information

Employees:
24
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company is currently located in 3,000 SF offices
Support & Training:
Owner is willing to work in a business development capacity to grow the business for the right buyer.
Reason for Selling:
Owner is wishing to reduce responsibility and build a path to retirement.
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Seapoint Business Advisors

Business Listed By:
Bob Grewal

Seapoint Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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