Chicago Firm
Strategic Advisory Excellence Since 1984
Executive Dashboard
Strategic Outlook 2026–2028
$1,784,000
Annual Gross Revenue
20.97%
EBITDA Margin
$1,870,800 - $2,432,040
Valuation Range
42.80%
Economic Profit%
2
No. of Equity Partners
$324/hr
Avg Client Rate ($/hr)
4
Total Employees
51%
Overhead as % of Revenue
Valuation-Based Strategic Position
Strengths, Weaknesses, Opportunities, Threats
Strengths
  • High tax concentration, with 81% of gross revenue from tax work, provides a stable and valuation-relevant recurring service mix.
  • The firm generated $1.784 million of gross revenue, giving a meaningful revenue base for a two-partner practice.
  • Revenue per partner is $892,000, which is a strong productivity indicator for a buyer evaluating partner-level economics.
  • EBOC margin is 49%, indicating that nearly half of gross revenue converts to earnings before owner compensation and taxes.
  • The practice has defined niche exposure in Construction, Real Estate, Manufacturing, and Wealth Management, which can support targeted buyer positioning.
  • Billable hours of 5,500 show an established level of production supporting the current revenue base.
Weaknesses
  • EBOC of 49% suggests only moderate profitability for a $1.784 million firm, which can limit valuation relative to higher-margin practices.
  • Tax revenue accounts for 81% of gross revenue, creating a heavy service-line concentration that can increase earnings volatility and reduce multiple expansion.
  • The firm has only 2 partners and 4 staff, which indicates a very small platform and limited operational depth for absorbing growth or transition risk.
  • Both partners are 57, so the business is exposed to near-term succession and continuity risk that buyers will factor into price.
  • Consulting revenue is only 19%, leaving the firm predominantly dependent on tax work rather than a more balanced mix of service lines.
Opportunities
  • Increase the consulting revenue mix from 19% to improve service-line diversity and support higher-value advisory work relative to the current tax-heavy revenue base (81% tax revenue).
  • Expand billable capacity and leverage by adding staff or improving utilization, as 5,500 billable hours across 2 partners and 4 staff suggests room to scale revenue without relying solely on partner time.
  • Build on the firm’s specialized niches in Construction, Real Estate, Manufacturing, and Wealth Management to deepen expertise and potentially command stronger pricing and retention.
  • Address partner succession risk and continuity planning, as both partners are age 57, which may affect valuation if transition timing is not demonstrated.
  • Improve operating efficiency and margin conversion from the current 49% EBOC margin by tightening delivery and pricing discipline where supported by the existing practice mix.
Threats
  • Partner succession risk is elevated because the firm has only 2 partners and the stated partner age is 57, creating potential transition pressure over the medium term.
  • Key-person and capacity risk is meaningful given the small operating base of 2 partners and 4 staff supporting $1.784 million of gross revenue and 5,500 billable hours.
  • Revenue concentration in tax work may limit diversification, as tax revenue represents 81% of revenue while consulting contributes only 19%.
  • The firm’s profitability, while solid at 49% EBOC, may be sensitive to any disruption in partner productivity because revenue per partner is $892,000 and the staffing structure is lean.
  • Specialized niche exposure is concentrated in Construction, Real Estate, Manufacturing, and Wealth Management, which can narrow the firm’s addressable market and make growth more dependent on these segments.
Enhance Profitability

May drive premium valuation, strong cash flow, and high investor demand while supporting scalable growth and resilience.

20.97% EBITDA margin
Operational Efficiency

Improving leverage to 5:1 can increase profitability and firm value by 20-35%.

Leverage ratio 2:1
Revenue Acceleration

Growing revenue above $5M increases base multiples from 4-5x to 5.5-7.5x, potentially adding 30-50% to firm value.

Risk Mitigation

May enhance operational capacity, diversify expertise, and strengthen continuity, but can introduce complexity in decision-making and profit sharing.
May support continuity, smoother succession planning, stronger long-term client retention, and greater capacity to adapt to growth and innovation initiatives.

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This preliminary valuation range is for discussion purposes only, based on unverified information, and is highly sensitive to assumptions. It does not constitute a formal valuation or transaction guidance and should not be relied upon by any party for decision-making purposes.