Issue link: http://deals.uberflip.com/i/1538920
Highly Profitable Accounting & Tax Firm Location: Oklahoma, USA. #67799 Sign NDA ► 2025 Revenue Est. $1,200,000 2025 EBITDA Est. $395,000 (32.9% of Sales) 2025 SDE Est. $493,000 DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller. Lance Thomasson Vice President, M&A lthomasson@generational.com Office: 469-828-2792 Generational Group 3400 N. Central Expressway, Ste. 100 Richardson, TX 75080 Fax: 972-392-8564 BUSINESS HIGHLIGHTS: This Company is a tax and accounting firm that has prepared individual, corporate and partnership returns for clients since 1947. The Company also provides bookkeeping services for some of its clients. During their long operating history, the Company has developed a broad set of capabilities and has completed work on a variety of projects for its clients. The Company's tax services include tax return preparation, tax planning and the resolution of tax problems. The Company's bookkeeping arm offers small- business accounting and payroll consulting services. INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 - 2022 COMPANY STATS: > Founded in 1947 > 95% Repeat Business Rate > 1,300 Active Accounts > 5 FT & 3 PT Employees > 2,030 Sq. Ft. HQ Location 1,800 Sq. Ft. 2nd Location INVESTMENT APPEAL: •Superior Name and Reputation: The Company's name has a long-standing reputation for quality and timely client support. The Company has been in the tax practice for more than 75 years and is well known for its expertise in both personal and business tax matters. •Outstanding Growth Opportunities: There are several opportunities for the Company to significantly increase revenue and profit, including leveraging the Company's proven reputation to pursue and penetrate new and existing markets. These opportunities are attainable given the appropriate investments in capital and human resources. •Diversified Customer Base: No single customer accounted for more than 0.7% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. •Customer Loyalty and Repeat Business: The Company's tax and accounting client relationships tend to be 'sticky' as clients are reluctant to switch providers once they establish working relationships. Tax and accounting professionals develop in-depth understanding of their client's financial history, tax strategies and business operations – making transitions difficult. One evidence of this customer loyalty is the Company's rate of repeat business. The Company management estimates that approximately 95% of its clients return every year. •Management Will Remain Through Transition: The Company's management is willing to remain through the transition period and would entertain remaining with new management for a longer period of time on a consultancy basis. Additionally, management has indicated that all key tax professionals and practitioners are expected to remain with new ownership beyond the sale of the Company. GROWTH OPPORTUNITY > Increase Marketing > Cryptocurrency Taxes > Additional Locations > Leverage Current AI Initiative 2024 Customer Markets