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Tax & Accounting Firm with Major Growth Potential in Columbia, SC-area

Tax & Accounting Firm with Major Growth Potential in Columbia, SC-area

Annual Revenue: $300,000

Firm Description: Take over a well-established and highly regarded tax and accounting practice in North, SC serving Orangeburg, Bamberg, Lexington, and Aiken counties. Founded in 1965, this family-owned business has been a trusted financial partner for decades and has operated as a Padgett franchise since 2015. With a strong local reputation and an expanding client base, this firm presents an incredible opportunity for growth.
The local accounting presence has seen significant shifts in recent years, leaving a major gap in the market creating massive demand for tax and accounting services. With a strong foundation and an experienced team, this firm is perfectly positioned for expansion. This is an ideal opportunity for a buyer looking for an established book of business, a dedicated team willing to stay on, and the ability to scale operations in a market with increasing demand for tax and accounting services.

Business Details:

  • Asking Price: $350,000
  • Total Annual Revenue (last 12 months): $300,000
  • Year Joined Padgett: 2015
  • Services: Tax (60% of Revenue), Accounting and Payroll (40% of Revenue), with over 600 tax returns prepared annually and 40 monthly business clients.
  • Remote Operations: Operations are hybrid. Clients are served through a mix of drop-off (50%), email (20%), and in-person meetings (30%) for tax preparation. For accounting, 90% of clients use bank feeds, while 10% require pickups.
  • Staff: The firm has six employees, including two tax preparers, two bookkeepers, one backup tax preparer/bookkeeper, and one reviewer. All employees are expected to remain with the new owner.
  • Transition Support: Both owners willing to stay on for 1-2 years, with potential for continued seasonal involvement (Jan-May) in the future, ensuring a smooth transition.
  • Timeline: Seller ready to move quickly; inquire soon
  • Software and Technology: Utilizes UltraTax, Drake, ACS, and QuickBooks

Additional Information:

All firms in the Padgett network have access to our comprehensive support offerings including practice management, tax, technology, and marketing. Firms remain independent. Firm has highly effective digital presence for lead generation with SEO-optimized website, national Google Business Profile, national Google Ads campaign participation, and regularly updated Facebook page. Owner has access to trainings, one-on-one coaching, and year-round tax support.

We encourage you to contact us with any questions.

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