SOLD ‘Q2 2022
Premier Cannabis Accounting and Bookkeeping Firm
Tacoma, WA (Pierce County)
Asking Price: $1,272,000
Cash Flow: $317,960
Gross Revenue: $825,867
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Established: 2007
Employees: 4
Business Description:
This 16-year-old, Tacoma, Washington-based Bookkeeping and Accounting business, is a trailblazer in the specialized field of Cannabis Accounting and Bookkeeping. This nearly turnkey, remote-operated business presents a unique opportunity for a buyer looking to venture into a niche market with substantial growth potential.
As an industry leader in cannabis accounting, their ability to navigate the complex and evolving cannabis financial regulations, sets the Business apart in a field where few have ventured.
With a stable client base primarily developed through referrals, the Business has established a reputation for reliability and excellence. The operational stability is further reinforced by a dedicated remote staff, spread across the U.S., serving their local communities, and bringing over a decade of experience to the table.
The Seller is committed to ensuring a smooth transition, offering to remain involved as a salesperson and facilitate introductions to the existing book of business. This is an opportunity for the right buyer to take over a profitable, well-respected business in a niche market.
Confidentiality is paramount, and details will be shared with vetted, qualified buyers. A Non-Disclosure Agreement (NDA) is required to receive the comprehensive Confidential Information
Memorandum (CIM) crafted by ProNova Partners.
Key Investment Considerations:
• Established Leadership: The Business is led by a highly competent VP. The Seller has been offering oversight from afar as retirement nears with little day-to-day involvement.
• Robust Financial Performance
• Strategic Market Niche
• Comprehensive Transition Support: The Seller will provide ongoing support and personal introductions to the existing clientele, and stay on in a sales role if requested.
Detailed Information
Competition:
There are companies nearby who offer bookkeeping and accounting services, however, there are no others in the immediate area that specialize in the niche and have the experience this team brings.
Growth & Expansion:
• The potential for growth and expansion is significant, considering several factors:
• Market Expansion: The cannabis industry is growing rapidly as more states legalize cannabis for medical and recreational use.
• Service Diversification: While the business currently focuses on cannabis accounting and bookkeeping, there’s room to expand its service offerings.
• Technology Integration and Automation: With the advent of technology, investing in cutting-edge accounting software and automation tools can streamline operations and open up new service lines.
• Marketing and Brand Awareness: With the very low social media footprint, the company is positioned for ease of re-branding or white labeling under a larger brand.
Support & Training:
As part of the transition process the Seller is offering substantial support and training to ensure a smooth handover and continuity of operations. This commitment is particularly crucial in a niche business like this one, where specialized knowledge in cannabis accounting and familiarity with the client base is invaluable.
Reason for Selling:
The Seller is ready to retire full-time.
SOLD-Premier Cannabis Accounting and Bookkeeping Firm For Sale
