Accounting Firm with 95% Repeat Clients

This firm, founded over 20 years ago, is situated in the
northwest suburbs of Chicago and specializes in tax returns.
It has established a solid reputation in the community, which
is reflected in its diverse client base that includes both
individual and business clients. Offering a variety of
accounting services, which can be categorized as follows:
Monthly Accounting Services (40-45%), Business Tax
Returns (15%), Individual Tax Returns (37%), Trust Work and
Consulting Services (3%). Their client base is primarily in
Illinois, but they offer service to clients across the United
States. The firm has a strong focus on client relationships,
which fosters loyalty and encourages referrals. The office
occupies about 1,500 square feet and operates on a hybrid
model, allowing employees to work both in the office and
remotely. The current team consists of three members: the
owner, one Associate, and an Office Manager. The seller is a
licensed CPA and is active in the day-to-day operations; her
responsibilities include general oversight, client engagement,
and bookkeeping tasks for both individual and business
clientele. The seller has offered to carry 15% of the purchase
price in addition to a 6month – 1 year transition. The firm is
currently experiencing demand that exceeds its capacity,
leading to the unfortunate situation of turning away potential
clients. This presents significant growth opportunities for a
new owner, including: enhancing client referrals, networking,
and marketing initiatives to reach a broader audience and
increase brand awareness.

Priced at $525,000, this accounting firm represents a
compelling acquisition opportunity. With a strong foundation,
a loyal client base, and significant potential for growth, a new
owner can capitalize on existing demand and expand the
business further. The combination of a well-established
reputation and the willingness of the current owner to assist
during the transition makes this firm an attractive prospect for
interested buyers.