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Established Rhode Island Accounting Firm for Sale

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. The firm also offers a supportive community, a robust local economy, and a chance to thrive in a picturesque coastal town.

    • Northeast
    • $420K
    • Accounting, Advisory, Payroll, Tax

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.

We encourage you to contact us with any questions.

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