Business for Sale: Accounting-Bookkeeping Firm

Business for Sale: Accounting-Bookkeeping Firm

This business has sold!
Congratulations to the buyers and sellers!
Busy, Ready to Expand

This well-established tax, small business accounting, and payroll firm in the Richmond, Virginia area is ready to expand.

The company has been providing services to a client base of nearly 2,000 clients for over fifteen years. The firm has a very loyal following of satisfied clients and is situated in a high-growth area.

Expansion opportunities have been identified for a new owner to grow the business. This turnkey business ready for a larger firm or a new owner to take over. The current owner wishes to retire.

Investment Considerations:

  • The owner has been with the business for more than 25 years and has amassed a very loyal customer base.
  • Clients include a healthy cross-section of ages ensuring continued business growth.
  • The staff represents a combined 73 years of accounting and tax preparation experience with the company.
  • The business conducts a combination of both bookkeeping and accounting services. The bookkeeping services provide a steady and consistent revenue stream.
  • All systems and processes are in place. Furniture, Fixtures, & Equipment are included in the asking price.

This business is truly “turn-key”, ready for a new owner to step in and take over. After the closing, the owner is willing to remain (with compensation) for an agreed upon period of time to assist as needed.

ASKING PRICE: $600,000 $495,000

Connect with Richard Stopa (rstopa@harvestbusiness.com) at 703.307.1187 for more information and details about this business.

Click here for a Non-Disclosure Agreement and Finance Document.

Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to RStopa@HarvestBusiness.com.

We will then be able to discuss financial details and other confidential information about the business with you.


Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction. Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services.

We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Business for Sale: VoIP/Telecom Solutions Provider

Business for Sale: VoIP/Telecom Solutions Provider

Located in the Washington DC-Baltimore area,  this telecommunications firm has been serving their commercial client base since 1990. Well established with a focus on customer service, this firm has nearly 900 current clients.

This business sells both VoIP and premise-based solutions and is poised for expansion with identified opportunities for a new owner to grow the business. Employees are extensively trained on equipment and also focus on educating customers to derive maximum benefits from their telephone systems.

Products lines include:

  • Avaya IP Office
  • Avaya Cloud
  • Nortel
  • Toshiba

Telecommunications Financials

 

 

It is important to note that service revenue for the last 3 years averages $615,754 or 51.5% of total revenue

In the past 30 years, and through several recessions, the company has remained financially sound, un-impacted by the fluctuations of the economy.

The owner is willing to stay on for an agreed upon period of time to train the new owner and transition clients.

Connect with Richard Stopa (rstopa@harvestbusiness.com) at 703.307.1187 for more information and details about this business.

Click here for a Non-Disclosure Agreement and Finance Document

Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to RStopa@HarvestBusiness.com.

We will then be able to discuss financial details and other confidential information about the business with you.


 

Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.

Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Business for Sale: Auto Body Repair and Restoration Specialists – under LOI

Business for Sale: Auto Body Repair and Restoration Specialists – under LOI

A Letter of Intent has been signed for this business. Harvest Business Advisors is now working with the seller and buyer for a successful transaction.

For over 80 years, this family-owned body shop has been providing comprehensive auto body repair service to their customers.

In addition to standard auto body work and mechanical repair, this Northern Virginia business has developed a reputation for high quality auto restoration work as well.

This full-service auto body repair maintains a coveted I-CAR® Gold Class® status for their work. Experienced team of technicians are cross-trained so they can be easily shifted to areas of highest need.

Services include:

  • full service collision shop (with 13 auto lifts)
  • full in-house mechanic shop with alignment and tire mounting capabilities
  • ability to service and paint over-sized vehicles
  • all A/C servicing (including R1234YF)
  • Virginia safety inspections
  • rust-repair
  • classic car restoration

Convenient high-income, high population concentration location near Silver Line metro, Loudoun County Parkway and Route 50, drawing from both Loudoun County and Fairfax County.

Due to the impact of COVID-19 on the business, the owners developed a set of revenue projections for 2020, 2021 and 2022.

Auto Body Revenue Summary

 

These projections are based on how the owners, at this time, anticipate revenues restabilizing in the future.

The property is owned by the family. They are willing to sell or lease back the property to the prospective buyer. Owner will stay on for an agreed upon time to support a successful transition.

ASKING PRICE: $1,400,000

Connect with Richard Stopa (rstopa@harvestbusiness.com) at 703.307.1187 for more information and details about this business.

Click here for a Non-Disclosure Agreement and Finance Document

Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to RStopa@HarvestBusiness.com.

We will then be able to discuss financial details and other confidential information about the business with you.


 

Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Business for Sale: Accounting-Bookkeeping Firm

Business for Sale: Accounting-Tax-Payroll Firm

This business has sold.

Congratulations to the buyer and best wishes to the seller.

Established tax, small business accounting, and payroll firm in the growing Richmond, Virginia area.

The company has been providing services to a client base of nearly 2,000 loyal, satisfied clients for more than 15 years.

This highly profitable business is poised for expansion with identified opportunities for a new owner to grow the business. The owner wishes to retire.

Investment Considerations:

Accounting firm for sale

The owner has been with the business for more than 25 years and has amassed a very loyal customer base.
Clients include a healthy cross-section of ages ensuring continued business growth.

The staff represents a combined 73 years of accounting and tax preparation experience with the company.

The business conducts a combination of both bookkeeping and accounting services, with the bookkeeping services providing a steady and consistent revenue stream.

All systems and processes are in place.

This business is “turn-key”,  ready for a new owner to take over.After the closing, the owner is willing to stay on with compensation for an agreed upon period of time to assist as needed.

This is a turn-key business ready for a new owner to take over.

ASKING PRICE: $600,000

Connect with Richard Stopa (rstopa@harvestbusiness.com) at 703.307.1187 for more information and details about this business.

Click here for a Non-Disclosure Agreement and Finance Document.

Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to RStopa@HarvestBusiness.com.

We will then be able to discuss financial details and other confidential information about the business with you.


Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

3 Tips for Business Owners and Business Sellers – July 2020

3 Tips for Business Owners and Business Sellers – July 2020

Since the outbreak of Covid-19,  the business brokerage / investment banking world seems to change dramatically every 30 days.

As we enter the middle of summer, here are three tips we are giving business owners and business sellers:

 

1. After the 30 to 45 Day Shut-Down Starting in Mid-March, There is a Market Again  

But, banks and institutional lenders have gotten much more cautious, taking marginal buyers out of the market.

We are qualifying prospects more carefully so we do not risk wasting a lot of time on transactions that cannot be financed.

We do recommend that if you receive a good offer, take it seriously as it will be harder to obtain as many offers as before this started.

 

2. Run Your Business Like You are Going to Own It Forever Particularly During a Sale Process

Your best negotiation strategy is that you are making money and will keep running it if you must.  Be profitable every day.

Clearly, due to current circumstances, some businesses cannot do that.  They should not sell at this time unless they do not have a choice.   Unfortunately, there are going to be a lot of unavoidable bad outcomes due to Covid.

If your business is in the middle ground, make the tough choices and get pricing up if necessary. Always work toward having your costs in line with your likely revenues.

 

3. Good Companies will Attract Buyers

The discount you will need to give from your February 2020 price is going to depend on the uncertainty in your industry, your supply chain, your customer concentrations etc.

The sense of risk has been elevated.  How high that perceived risk is will vary from no perceived increase in risk with liquor stores to incredible going concern risk with high end sit down restaurants.

Most businesses are somewhere in the middle and it appears they can sell with price reductions that make sense compared to the increase in risk.  Buyers and sellers may consider forms of risk sharing through earn outs and the like.

If you would like to learn the value of your business as you make important decisions, please connect with us. We would be happy  to discuss your business’ market appeal.

 


Clients choose Harvest Business Advisors for our accurate business valuations and our proven ability to deliver the highest price in the smoothest sale transaction possible. Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

 

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