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Listed by:

Transworld Business Advisors of La Grande

Established Tax, Bookkeeping And Payroll Firm For Sale

Cook County, Illinois, US
Asking Price:
$199,000
Sales Revenue:
$187,450
Cash Flow:
$130,923

This long-standing tax, bookkeeping, and payroll services firm, with an SDE of $130K+, has been serving clients for 34 years and is well known for its personalized, relationship-driven approach. Located outside of Chicago in the North Shore, the practice manages a diverse and loyal client base, preparing 250+ tax returns annually.

Revenue is primarily weighted toward tax preparation, complemented by recurring bookkeeping and payroll services that provide steady, year-round income and continuity. The firm's established systems and reputation create a turnkey opportunity for a buyer seeking stable cash flow and growth potential.

The founder is retiring and is fully committed to a smooth transition, offering post-sale consulting to ensure continuity for clients.

Property Information

Location:

Evanston, Cook County

Premises Details:

The firm was founded in June 1992 by owner and her father. The firm began as a modest operation, providing bookkeeping and payroll for a single client and tax preparation for a small handful of individuals. Originally starting as a sublet, the business relocated to its current office after its first year, where it has successfully operated for the past 33 years.
Over the last three decades, the firm has achieved consistent growth driven primarily by a reputation for excellence and satisfied client referrals. Key milestones in the company’s expansion include a significant influx of clients in 2008 from a retiring CPA and ongoing referrals from a prominent Chicago attorney. Today, the business has matured into a stable, multi-generational practice, having navigated various economic cycles and the COVID-19 pandemic while maintaining a loyal client base.

Business Operation

Expansion Potential:

The business can drive revenue growth through:
 Digital Marketing Implementation: The firm currently does not engage in proactive digital marketing or social media outreach. Implementing a modern SEO strategy, local search optimization, and a targeted lead-generation campaign could result in an influx of new clients in the affluent northern suburb markets
 Capacity Expansion & Team Scaling: Growth has been historically limited by time rather than demand. By adding additional preparers or support staff, a new owner can immediately begin accepting the high volume of referrals that the firm currently turns away
 Physical Footprint Expansion: The business is ideally positioned for growth within its current building. With an additional office suite available immediately in building, a buyer can seamlessly expand the physical footprint to accommodate a larger team without the disruption of a move

Reasons for selling:

Retirement

Employees:
1
Years established:
1992