Fairfax County, VA – Full Service CPA And Bookkeeping

New Listing ... 2 Businesses ... One Attractive Price

Founded in 2008 and operating in bustling, growing, and diverse Fairfax County, Virginia, this full service CPA firm specializes in accounting, financial statement preparation, tax planning, and bookkeeping services. This business has built a loyal book of clients by delivering on the following core principles:

1) Listening carefully to the client's needs and delivering solutions to meet requirements.
2) Focusing on both short and long term planning horizons.
3) Providing quality services in a timely manner.
4) Staying up to date on the latest income tax guidelines and financial practices.   
5) Leveraging technology to make it easy to do business with their clients.

This business is located in the center of a populated, affluent client base which affords the opportunity to attract individuals, families, commercial business owners, and government contractors. The current customer book includes 850 clients with 60% being individuals and 40% businesses. The diversity of consumer bases sets up a solid foundation for future growth. The service menu is extensive and caters to the wide variety of clients, including:

. Financial Statement Preparation
. Payroll Services
. Individual / Family / Small Business Tax Preparation
. QuickBooks Advisory
. Business Bookkeeping
. Government Contracting Accounting 
. Auditing 
. Estate and Trust Tax Preparation

The sellers are looking to retire from the business and engage with a new owner who will continue to build on their successful legacy.  

Special Financing -- This business has been pre-qualified for financing with only 10% down payment for 10 years. Complete details are included in the marketing prospectus.

Detailed Information

Location: Fairfax County, VA
Real Estate: Leased
Building SF: 1,250
Lease Expiration: N/A
Employees: 5
Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: This practice is located in the heart of Fairfax County in Northern Virginia, close to major freeways, residential districts, and shopping centers. The business is located in a beautiful, standalone office building and features 1,250 square feet of operating space in a dedicated suite. The lease is $2,932/month and expires on January 31, 2024. The landlord is open to new lease options and renewals depending on the new ownership plans. The business could be relocated if desired.

Competition: The Accounting Services industry has steadily grown over the five years to 2022, buoyed by economic growth early during the period and a continued demand for monetary advisory during the financial challenges of the early 2020s. As revenue has expanded, new operators have entered the industry and competition has intensified, especially between smaller companies. In an attempt to boost market share during the high growth early in the period, the industry's largest players acquired several smaller companies.

Growth & Expansion: 1. Additional business development and marketing efforts 2. Target more government contracting and commercial clients 3. Additional staffing to expand with growing customer base

Financing: Lender pre-screened with $60K down.

Reason for Selling: The present owners are retiring from the business.

Total Sales: $782,221

Cash Flow: $152,783

FFE: $32,547