- $250,000Asking Price
- $104,984Discretionary Earnings
- $255,136Gross Revenue
- N/AReal Estate
This service business provides top-notch bookkeeping services to small and medium-sized businesses. In doing so, their clients and their clients’ CPAs can focus on what they do best, saving clients time and money. Services include data entry, bank reconciliations, credit card reconciliations, accounts receivables and accounts payables, invoicing, and ledger review, just to name a few. The Company’s integrity and commitment to excellence have earned them a stellar reputation among the community and its peers. This level of expertise and service has led to lasting client relationships with a client retention rate of 91% over the last five years.
Since 2007, the Company has relied solely on word-of-mouth and has never done any type of marketing. Despite this lack of marketing, the Company has experienced double-digit growth most years!
This impressive growth can be attributed to three factors:
- The CPAs that have worked with the Company long-term know the quality of their work and refer new clients to the Company.
- CPAs that stumble across the Company see the type of work they do and service they provide and start referring their existing and new clients to the Company.
- The Company has created a niche that many companies do not serve. By offering both bookkeeping services and higher-level review services (including assembling work papers), the client appreciates the sophisticated services and, in the long run, savings, because there is less work involved for the clients’ CPA.
The staff is self-starting individuals that do not require a great deal of oversight. This set-up and nature of the business afford the owner a great deal of flexibility to travel and work remotely. The current owner works 20-25 hours a week, so this business has the potential to afford a new owner a nice lifestyle or be taken to the next level through growth.
- Double-digit Growth the past 3 years
- Company requires very little oversight and can be ran virtually
- Stellar reputation in the local community and among peers
- N/AReal Estate
Historical Sales & Discretionary Earnings
Future Earnings Calculator*
*Disclaimer: this graph is for hypothetical projection purposes only and should not be taken as a guarantee of anything financially related to the business.