💼 Should you ever consider buying a Bookkeeping Business?

Author

Sam Bass
October 04, 2023

Hey business buyers, do you have a love/hate relationship with bookkeeping?

For everyone that picked love, this week you are in luck!

We are reviewing if Bookkeeping is a good industry to buy into.

This week we had 281 new businesses listed.

So we are also featuring 10 of the most interesting businesses listed this week… 👇

10 Interesting Business For Sale this Week

⭐ Sign Printing and Marine Wrapping in Gold Coast $750k

Established 10 years in a growing marine precinct on the Gold Coast with continuous flow of work from marine precinct and website enquiries.

⭐ Thriving Motorcycle Parts and Accessories Business in Moreton Bay Region $250k

Booming in-store to a thriving E-commerce and eBay presence, coupled with a reliable supply agreement with a local repairer and strategic referral deals with a major Australian wholesaler.

⭐ Ready-To-Go Food Venture Set For Your Unique Concept in Hamilton $50k negotiable

Offering an equipped food establishment in one of the best suburbs in Brisbane. Whether you want to continue with the current setup or make small changes to fit your vision, this space is ready to welcome your creativity.

Highest Performing Mobile Dog Wash in Townsville Region $75k

15+ years in the business with the support of a well-respected brand with over 3,000 dog washes a year.

Unlock Success in the Lucrative Sauna Industry in Surfers Paradise $299k

Highly reputable company with stellar reputation, market dominance, growth potential and lucrative financial performance doing $840k revenue.

Entertainment and Performing Arts Products Wholesaler in Sydney $360k

Established in Australia for 34 years as a global leader in lighting equipment for the live entertainment and film industry with $770k turnover.

Youth Martial Arts Franchise in Werribee $25k

Established since 2009, this offers high profit "done for you" business model with minimal upfront investment, super low overheads, abundance of training and ongoing business and program support.

Highly Profitable Niche Seafood Manufacturing in Brisbane $3.1m

Under the current ownership since 1997 | High end products crafted that rate very highly in the competitive international market | Manufactures and sells the product domestically and internationally.

Online Domestic Recruitment Agency Business in Sydney $175k

The services cater to the upper echelon of income earners, constituting the top 2.5% in Sydney exclusively earning its stellar reputation as an industry leader.

Reputable eCommerce Store for Footwear in Melbourne $90k

With a contemporary online storefront and a robust presence on various social media platforms, this business is poised to captivate its target audience, having already accumulated over 200 5-star Google reviews.

Should you buy a Bookkeeping Business?

Bookkeeping is not just about numbers or ledgers; it's about the backbone of every successful business out there.

So, whether you're a numbers enthusiast or simply someone who loves the potential profits of the bookkeeping business model.

Join us as we delve deep into the pros and cons of buying a bookkeeping business.

By the end of our journey, you'll be equipped with insights to chart your next move confidently. Let the exploration begin!

What are the advantages of buying a business in the Bookkeeping industry?

It's got some pretty awesome perks that you might find super appealing. Let's break them down, shall we?

1. Profit Potential:

With often low overheads, especially for home-based or virtual models, the profit margins can be alluring.

2. Recurring Revenue Stream:

Bookkeeping is not a one-off job. Businesses need monthly, quarterly, and annual services. This means steady cash flow.

3. Essential Service:

No matter the economic climate, companies need their books in order. Your service isn't just useful; it's indispensable.

4. Scalable Model:

Starting solo? That's fine. As demand grows, you can expand, hire more hands, and even branch into specialties.

6. Networking:

Working with diverse businesses, from startups to established enterprises, allows you to build an extensive network. This can lead to referrals and collaborative opportunities.

7. Flexibility:

Many bookkeeping models, especially virtual and home-based, allow for a work-life balance. Tailor your hours, choose your clients, and even decide your service offerings.

8. Tech Integration:

Stay at the forefront of technology. Modern bookkeeping software and tools keep evolving, allowing you to offer cutting-edge services to clients.

Imagine a venture with consistent demand, a clear growth path, and the satisfaction of offering a crucial service. That's bookkeeping for you.

Wondering what different types of bookkeeping businesses there are?

Or how much they typically sell for?

This guide will help uncover the pros and cons so you can decide if you are onto something great.

Till next Tuesday,
Sam from Business For Sale

PS. We have some exciting changes coming up this month. Stay tuned for more details…