This is a highly profitable tax business in a well-defined niche with consistent YOY growth, a premium pricing model, and an excellent online reputation. The firm focuses on delivering personalized services in the equity compensation tax filing market, bundled with advisory services.  Over the past three years, the firm has achieved consistent revenue growth with minimal marketing:

• 2024 Revenue Projections: $465,000-$485,000+

• 2023 Revenue: $434,230 - Revenue per client $1,419

• 2022 Revenue: $381,870 - Revenue per client $1,260

• 2021 Revenue: $279,312 - Revenue per client $998

Despite scaling back on client onboarding in 2024 to prepare for the sale, the firm’s potential remains high, with projected profits of $290,000 YTD. With strong client retention and a proven service model, there is ample opportunity to continue scaling with very few competitors in this niche. 

Profit margins are impressive, with $290,000 in profit for 2024 YTD, equating to $145,000 per owner. The firm operates with healthy margins, and the owners have enjoyed a steady income while maintaining competitive compensation for their staff.

The firm boasts a highly trained and dedicated team of two seasonal employees during tax season. Employees are well-compensated, contributing to high retention rates and ensuring that clients receive top-notch service. This allows the owners to focus on business strategy, development, and advisory rather than managing daily tasks.

With minimal marketing efforts in recent months, the firm is perfectly positioned for further expansion. A buyer with a focus on client acquisition could significantly increase revenue by resuming onboarding efforts. The firm also benefits from a virtual service model, making it scalable beyond its current client base. In preparation for a sale, the firm has generated approximately 50 leads that they have not converted (!) but could contact and convert with relative ease to further increase their profit and revenue for 2024.

Given the high-networth of the clients serviced, this is an ideal opportunity for any firm that has a financial planning arm already implemented within it to cross sell clients and further increase the average revenue per client.

This opportunity is perfect for an entrepreneurial accountant or investor looking to acquire a thriving and profitable business with a virtual service model based in tax and advisory services. With its trained staff, impressive profit margins, and potential for further growth, this firm is positioned for long-term success. The sellers are available for a reasonable transition period to ensure the clients are well cared for and the transition is successful.