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SOLD: Established Rhode Island Accounting Firm for Sale

SOLD: Established Rhode Island Accounting Firm for Sale

Annual Revenue: $360K

Firm Description: Enjoy the benefits of firm ownership by acquiring this well-established Padgett firm in Narragansett, Rhode Island. With a strong track record since joining in 2013, this tax and accounting firm is an ideal investment for accountants seeking a business with a diverse client base, solid revenue stream, and excellent growth potential.

Business Details:

  • Asking Price: $360,000
  • Total Annual Revenue (last 12 months): $360,00
  • Year Joined Padgett: 2013
  • Services: Tax (47% of Revenue) with mix of individual and corporate clients, Accounting (53% of Revenue), and Payroll (included in monthly accounting service).
  • Staff: Two full-time and two part-time staff members with diverse skills in accounting and tax. Two staff members work remotely, allowing for operational flexibility.
  • Remote Operations: Adapted to current trends with staff and client remote operations.
  • Transition Support: Owner is willing to support transition for up to 6 months.
  • Office: Lease can be assumed. Renewable every five years.
  • Timeline: Seller is ready to move quickly; inquire soon
  • Software and Technology: Utilizes TR Suite for comprehensive tax solutions. ADP Payroll for efficient payroll management.

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.

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