- The firm generates $8.0 million of gross revenue, which is a meaningful top-line base for valuation analysis.
- With 30,000 billable hours, the practice demonstrates substantial annual production capacity supported by measurable utilization.
- EBOC is 50%, indicating that half of gross revenue remains after operating expenses and providing a clear profitability metric for buyers.
- The firm has only 2 partners, and the derived revenue per partner is $4.0 million, which concentrates revenue productivity at the partner level.
- The partner group is age 59 for both partners, which may be material in a transaction context because it indicates a near-term succession horizon.
- Two-partner ownership at ages 59 and 59 creates near-term succession and transition risk, which can pressure valuation if continuity is not clearly managed.
- Revenue is highly concentrated at the partner level with $4.0 million per partner on $8.0 million of gross revenue, indicating significant key-person dependence.
- The firm’s 20 staff supporting $8.0 million of revenue suggests a relatively small operating platform that may constrain scalability and increase execution risk for a buyer.
- At 30,000 total billable hours on $8.0 million of revenue, the practice generates about $267 of revenue per billable hour, which may limit margin expansion opportunities if pricing or efficiency cannot be improved.
- Improve partner succession and transition planning, as both partners are age 59, to reduce key-person risk and support valuation continuity.
- Increase leverage by expanding staff capacity relative to the two partners and 20 staff, which could allow more billable hours and revenue growth without proportional partner dependence.
- Scale billable hours above the current 30,000 level to better absorb fixed overhead and improve earnings quality.
- Preserve and potentially expand the 50% EBOC margin through disciplined pricing and utilization management, as margin stability is a direct valuation support.
- Build a broader revenue base beyond the current $8.0 million gross revenue to reduce concentration in a small leadership team and improve marketability.
- The firm’s two partners are both age 59, creating near-term succession and continuity risk if transition planning is not already in place.
- Revenue is concentrated at the partner level, with $4.0 million of revenue per partner on only two partners, increasing key-person dependency and making earnings retention more sensitive to partner availability.
- The staffing base of 20 employees against $8.0 million of gross revenue implies a lean operating structure that may limit capacity to absorb turnover, growth, or workflow disruption.
- Billable hours of 30,000 across the firm suggest a meaningful reliance on sustained utilization, so any decline in billable demand or productivity could pressure performance.
- While EBOC is strong at 50%, the valuation remains exposed to maintaining that margin, and any increase in compensation or overhead would have an outsized effect on earnings quality.