Established Tax and Bookkeeping Practice in Wilmington, NC
Business Description
ESTABLISHED TAX AND BOOKKEEPING PRACTICE - WILMINGTON, NC
This well-established accounting practice, operating since 1999, presents an exceptional opportunity for an experienced or new tax professional seeking a profitable, client-focused business in North Carolina's growing coastal market.
BUSINESS OVERVIEW:
Specializing in small business formation, bookkeeping, payroll services, and comprehensive tax preparation, this home-based practice has built a stellar reputation through word-of-mouth referrals and strong Google search presence. The practice maintains a selective client base, focusing on quality relationships over volume, with many clients retained for 15+ years.
FINANCIAL PERFORMANCE:
Annual Revenue: $233,000
Asking Price: $265,000
Price-to-Revenue Ratio: 1.14x (attractive)
Pricing strategy aligned with national NAEA standards, with consistent 10% annual increases
KEY STRENGTHS:
• 25+ years of operational history with established client loyalty
• Strong organic growth through referrals - no advertising required
• High Google search ranking driving consistent lead generation
• Responsive customer service model with same-day communication
• Flexible home-based operation with reduced overhead
• Selective client acquisition strategy focusing on profitable relationships
• Consistent ability to replace departing clients with higher-value accounts
MARKET OPPORTUNITY:
Wilmington's expanding economy, driven by Amazon's new shipping facility and growing financial services sector, creates significant growth potential. The area's attraction to northern retirees with investment income and an expanding healthcare industry provides a steady stream of high-income prospects requiring sophisticated tax services.
GROWTH POTENTIAL:
• Upcoming 2025 tax law changes creating new service opportunities
• Untapped virtual practice expansion possibilities
• Advisory services development potential
• Beach community demographics ideal for investment and retirement planning services
TRANSITION SUPPORT:
Seller will provide subcontractor support during the 2025 filing season to ensure smooth client transition and business continuity.
This turnkey practice offers immediate cash flow with substantial growth opportunities in one of North Carolina's most desirable markets.
This well-established accounting practice, operating since 1999, presents an exceptional opportunity for an experienced or new tax professional seeking a profitable, client-focused business in North Carolina's growing coastal market.
BUSINESS OVERVIEW:
Specializing in small business formation, bookkeeping, payroll services, and comprehensive tax preparation, this home-based practice has built a stellar reputation through word-of-mouth referrals and strong Google search presence. The practice maintains a selective client base, focusing on quality relationships over volume, with many clients retained for 15+ years.
FINANCIAL PERFORMANCE:
Annual Revenue: $233,000
Asking Price: $265,000
Price-to-Revenue Ratio: 1.14x (attractive)
Pricing strategy aligned with national NAEA standards, with consistent 10% annual increases
KEY STRENGTHS:
• 25+ years of operational history with established client loyalty
• Strong organic growth through referrals - no advertising required
• High Google search ranking driving consistent lead generation
• Responsive customer service model with same-day communication
• Flexible home-based operation with reduced overhead
• Selective client acquisition strategy focusing on profitable relationships
• Consistent ability to replace departing clients with higher-value accounts
MARKET OPPORTUNITY:
Wilmington's expanding economy, driven by Amazon's new shipping facility and growing financial services sector, creates significant growth potential. The area's attraction to northern retirees with investment income and an expanding healthcare industry provides a steady stream of high-income prospects requiring sophisticated tax services.
GROWTH POTENTIAL:
• Upcoming 2025 tax law changes creating new service opportunities
• Untapped virtual practice expansion possibilities
• Advisory services development potential
• Beach community demographics ideal for investment and retirement planning services
TRANSITION SUPPORT:
Seller will provide subcontractor support during the 2025 filing season to ensure smooth client transition and business continuity.
This turnkey practice offers immediate cash flow with substantial growth opportunities in one of North Carolina's most desirable markets.
About the Business
- Years in Operation
- 26
- Employees
- 1 (1 Contractor)
- Currently Home Based
- Yes
- Facilities & Assets
- No furniture or fixtures. The practice moved from a physical office in June. Clients use three portals, video calls, or face-to-face meetings when deemed necessary.
- Market Outlook / Competition
- The market is growing, driven by the financial services sector. New industries ( Amazon is building a shipping facility 15 miles outside of Wilmington) and population growth offer new opportunities. There is a mix of large firms ( CPAs) that offer advisory services and smaller firms that work with specialized niches. There are a few year-round practices that work with small businesses as do.
- Opportunities for Growth
- Virtual practice has not been pushed until June 2025. With the 2025 tax law changes, growth is possible due to recent changes to section 1A (above-the-line deductions). The location is in a beach area with a high concentration of food/hospitality workers. Many northern retirees with investment income have relocated to this part of NC for the beach and golf. The healthcare industry is also growing, attracting more high-income individuals. Advisory services is a growing opportunity.
About the Sale
- Seller Motivation
- Moving to semi-retirement where the owner will be concentrating on representatio
- Transition Support
- The current owner will be available as a subcontractor for the 2025 filing season for the transition with established clients.
Listing Info
- ID
- 2402830
- Listing Views
- 35
Business Location
Listing ID: 2402830 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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