Profitable CPA Firm In The Richmond Area, Virginia

Business Overview:

This accounting and tax practice has been serving business owners and individuals throughout Virginia for more than 30 years. The firm has multiple revenue streams including primarily tax work, bookkeeping, and accounting/consulting. The firm is efficiently staffed and has several experienced professionals. The firm has achieved good revenue growth over the last few years.

Most of the business is repeat business with existing clients. The firm does very little advertising. There are no client concentration issues with the largest clients representing less than 5% of annual revenues.

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Property Features and Assets:

The current lease expires in three years but can be renewed.

Market Competition and Expansion:

The U.S. accounting services industry is large and growing. In 2023, the market size was valued at around $140 billion. Over the past decade, the industry has experienced annual growth rates averaging 2-3%.

Reason for Selling:

Additional Details:

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