SOLD OCTOBER 2024 – Virtual Client Accounting Firm for Sale. ref# VIR124. This firm has been in business for 30 years and has worked with clients in the cloud since 2011. The Seller does not meet with any clients in person and the firm can be operated from any location in the United States. In 2023, the practice generated gross revenue of $482k from 37 monthly bookkeeping clients (1120’s, 990’s, 1120S’s and Live Payroll Clients via Gusto included) with an average annual fee of $11,468, plus 10 Individuals with an average fee of $1,275, and 45k in Miscellaneous Services including State Filing, Formations, 1099 & W2 Prep, Consulting, Commissions, and Set-Up Services. 2024 projected revenue is $500k based on current client fees. Firm uses Xero, QBO, Gusto, BILL, Relay, BOX, Karbon, Drake and Thompson-Reuters. The Seller contracts 3 part-time remote staff and 3 full-time remote staff, whom all are likely to stay after the sale, as needed. Much more information is available on the Practice Profile. Please log-in to your account for immediate access including the ability to download the Practice Profile pdf and update your distance preference.
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