Dubai Accounting Firm: USD 1.6M Annual Revenue, 80% Recurring, 200 Retainer Clients

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location Förenade Arabemiraten

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Etablert

2022
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Omsetning

10-20 Mkr
aksjeselskap til salgs

Ansatte

10-30 stk
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Prisidé

5-10 Mkr

Beskrivelse av Dubai Accounting Firm: USD 1.6M Annual Revenue, 80% Recurring, 200 Retainer Clients

OVERVIEW
200 small and medium-sized companies pay a monthly fee for accounting and tax services. Recurring revenue is about AED 395,000 per month, 80% of total revenue. Revenue for the last 12 months: AED 5.93 million (about USD 1.61 million). Licensed accounting firm in a Dubai free zone, in business for 4 years (since 2022).

THE PRACTICE
Monthly plan: bookkeeping and accounting, VAT and corporate tax filing, audit preparation. One-time services: company formation, visa processing and bank account opening. Many clients start with a one-time service and then move to the monthly plan.
The company owns its ERP, client app and client portal. Transactions are first processed automatically, and accountants then check the results.
More than 100 referral partners have agreements with the company and bring in new clients.

TEAM
Team of 20: 8 accountants, including a chief accountant with more than 10 years of experience. The other 12 are client managers, sales staff and in-house developers.
Every client has a dedicated accountant and a client manager. Client work is handled by the team, not by the owners.

THE DEAL
We are selling the whole company: 100% of the shares. The shareholders are moving to another country and want a quick sale, so the price is USD 800,000, about half of our revenue for the last 12 months, which was AED 5.93 million. The margin is currently low because the team and the marketing budget were planned for growth, not for the current number of clients. Forecast profit for the next 12 months: AED 600,000.
The team will stay with the company. The shareholders and the team will train the new owner for 3 months. Payment will be made through escrow. Once you sign an NDA, we will share bank statements for the last 24 months, a profit and loss report, tax returns and the list of client contracts.

ASSETS INCLUDED
- Client contracts
- Trade licence
- Brand name, domain and website
- In-house ERP, client app and client portal, with full source code and IP rights to all three
- Referral partner agreements
- Documented processes

NO

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