Zach can’t do taxes. His accounting firm will make him $1M this year.

As promised:

Here’s a success story from Zach, one of my first members inside Acquisition Ace!

Zach is a 24-year-old software engineer from California.

After losing a big chunk of change in gas, oil, and real estate investments, he got fed up with throwing money down the drain.

Fast forward six months after joining the program, and Zach is now the proud owner of an accounting firm near Washington, D.C.

And let me tell you...

He absolutely crushed this deal.

Here’s the breakdown:

Zach acquired the firm for $2.1 million.

Their revenue was $1.8 million.

The profit margin was massive, but mostly because the seller was doing a lot of the accounting work himself.

Despite this, Zach liked the deal for a few reasons.

They had over 6,000 clients, and $20,000 in revenue per month coming in purely from bookkeeping services.

The seller was only an EA (Enrolled Agent), not a CPA, so Zach didn’t need any specialized credentials to get started.

And, the only real bottleneck to growth was that the seller was handling the day-to-day tax and accounting busywork.

So, all Zach had to do was to hire a few employees overseas, delegate the routine tasks to them, and hire more managers to check their work.

Zach says the seller could have done this at any point:

“[But] he’s more of a technician, not an entrepreneur ... and it takes someone who has that mindset to come and allow these people to grow their business past where they're at right now. So it’s not just unique to my deal. A lot of businesses that we see are just folks who were good at what they did, started making lots of money, and then kind of plateaued.”

The firm was also massively undercharging its clients.

Zach plans to do a 25% price increase to fix this (which still makes them one of the cheapest providers in the area).

In total, he’s able to:

• Pay himself a $120k/yr salary on W2

• Keep the seller on board for $200k/yr

• Pay his debt service of $250k/yr + principal interest

• Meet payroll for the staff

...and still net over $1 million in pure profit!

This is an insane return — even half of that would 3X to 4X his initial investment in the first year.

Zach now runs the business remotely, and staff handles the day-to-day.

The only work he has to do is to fly out to D.C. once per quarter to check on his employees in person, and make sure everything’s running properly.

Like I said...

This was a killer deal.

And I’m so excited to see where Zach takes this business going forward.

If you’re interested in learning how to acquire a profitable small business yourself, or how to passively invest into an acquisition:

Fill out our 2-minute Investor Survey here.

P.S.

To listen to Zach’s deal breakdown in full "no-stone-left-unturned” detail, check out this video:

https://www.youtube.com/watch?v=Obl5vFhjf-A