Does anyone have experience buying a bookkeeping business?

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April 17, 2024

by a searcher from Drexel University in Philadelphia, PA, USA

I’m wondering what the pitfalls might be to watch out for with a bookkeeping business.

Any particular cons to a business of this type or advice on what to watch out for would be super helpful.

I feel like I’m fairly well aware of the pros. While not a CPA myself. I’m a huge accounting nerd and do all my own bookkeeping.

I’d also love to hear from anyone who has done it what your experience was like.

Thanks in advance.

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Reply by a professional
from Villanova University in West Chester, PA, USA
Like many professional service acquisitions, it is important to analyze which employees are critical to the success of the business and have key man employment agreements with each of them. I'd be happy to discuss this further!
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Reply by a searcher
from University of Arizona in Denver, CO, USA
Check out Patrick Dichter on twitter - great guy and has been super helpful to so many in the community.
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