- Revenue is diversified across tax (40%), consulting (40%), and audit (20%), which reduces dependence on a single service line.
- Gross revenue of $2.1 million provides a meaningful revenue base for a two-partner firm.
- Revenue per partner of $1.05 million indicates substantial production at the partner level.
- EBOC margin of 30% suggests the firm converts revenue into earnings at a measurable level.
- The firm reports 7,000 billable hours, indicating a sizable volume of chargeable work supporting current revenue.
- EBOC is only 30%, which points to a relatively thin earnings base for valuation support.
- The firm has just 2 partners generating $2.1 million of revenue, creating partner dependency and limited leadership depth.
- Audit represents only 20% of revenue, indicating a smaller recurring assurance base relative to tax and consulting.
- Consulting is 40% of revenue, so a large share of the firm is tied to non-recurring advisory work rather than stable compliance revenue.
- With 10 staff supporting 7,000 billable hours, the firm’s scale is modest and may limit operational leverage for a buyer.
- Increase the share of higher-value consulting and tax work, which already represent 40% each of revenue, to improve mix and support valuation multiple expansion.
- Grow total revenue by leveraging the current two-partner platform and 10 staff, as revenue per partner is $1.05 million on $2.1 million of gross revenue.
- Improve operating efficiency and margin conversion from the current 30% EBOC level by tightening leverage and workflow across 7,000 billable hours.
- Expand audit revenue from its current 20% mix where appropriate, to create a more balanced service portfolio and reduce dependence on consulting and tax concentration.
- At $2.1m gross revenue with only 2 partners, the firm’s revenue is concentrated at the partner level, creating key-person and succession risk if either partner reduces involvement or exits.
- The staffing base of 10 employees against 7,000 billable hours suggests a relatively lean operating model, which can constrain capacity, increase workload pressure, and make growth harder to absorb without additional hiring.
- With consulting at 40% and tax at 40% of revenue, the practice is heavily dependent on two service lines, which can make earnings more sensitive to shifts in mix, pricing, or demand within those areas.
- EBOC at 30% of gross revenue indicates a moderate margin profile, leaving limited cushion if compensation, staffing, or overhead costs rise.
- Partner ages are listed as 45, which does not indicate immediate retirement risk, but it does mean the firm still needs a clear long-term succession path to protect value over time.