Well-established Utah tax preparation and accounting practice, 898 active clients across two Utah offices. Eight years of continuous operation. CY2025 revenue $841,355; CY2025 Adjusted EBITDA $244,640. Two-year Adjusted EBITDA CAGR of 26 percent. Client book exceptionally diversified; largest single client only 2.72 percent. 37 percent of clients bundle multiple services. Predominantly digital delivery model. SBA 7(a) financing pre-approved at $1,289,500, 10-year term. Same-NAICS expansion pathway available to existing tax practice operators with reduced or zero equity. Both selling partners committed to a structured 12-month post-close transition. Signed Non-Disclosure Agreement required for the Confidential Business Profile and lender term sheet. Contact Lynn Lee and Mike Lee, First Choice Business Brokers.
- Asking Price:
- $1,295,000 Furniture / Fixtures included
- Sales Revenue:
- $841,355
- Cash Flow:
- $388,640
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Total rent of $6,323 per month.
- Location:
-
Two leased offices in complementary Utah regional economies (Wasatch Front and Uintah Basin). Predominantly digital delivery model, so the location requirement is modest. Both leases assignable at close.
- Premises Details:
-
Two standard commercial leases totaling approximately 4,000 square feet across two offices. Both lease terms and locations are disclosed in the Confidential Information Memorandum post-NDA.
- Size in square feet:
- 4,000 combined total of 2 locations
Business Operation
- Expansion Potential:
-
Concrete growth levers: (1) In-house IRS representation and advisory (currently referred out). (2) Pricing normalization on annual renewals. (3) Cross-selling into 565 single-service clients. (4) Direct-marketing activation (Google Ads, LinkedIn) into the service area. (5) Geographic expansion enabled by the fully digital operating model. (6) Same-NAICS consolidation for existing tax firm acquirers.
- Competition / Market:
-
This practice competes on personal service, multi-service bundling, and long-tenure client relationships versus transactional national franchise competitors. Diversified across four service lines. The book has above-industry retention driven by cross-service switching costs (bookkeeping clients also use the practice for their business tax; payroll clients typically bring both). Barriers to entry for a new competitor include institutional client trust built over years, integrated multi-service capability, and PTIN credentialing.
- Reasons for selling:
-
Reason for Selling: Partner retirement; second partner continues 12 months as 1099 contractor
- Trading hours:
-
Standard business hours; extended hours during tax season (February-April)
- Employees:
- 5 FT, 2 IC
- Years established:
- 7
Other Information
- Support & training:
-
30 days transition support from the exiting partner at no charge, followed by 12 months of 1099 contractor continuity from the second partner (funded via SBA working capital). Institutional bookkeeping staff and one Enrolled Agent remain in place.
- Financing available:
-
SBA 7(a) pre-approved by a preferred lender. Term sheet issued for a 10-year loan of $1,289,500 with roughly 10 percent buyer equity injection, plus $90,000 working capital funded via the loan and delivered at close. A $100,000 revolving line of credit is available if additional working capital is needed. Same-NAICS operators may qualify for the SBA expansion pathway with reduced or zero equity injection, subject to lender and SBA approval. Detail available post-NDA.
- Furniture / Fixtures value:
- $80,812 - included in the asking price
