Gross Revenue: $200,000
Location: MidWest, Tennessee
Industry: Accounting, Tax Preparation, Bookkeeping and Payroll Services
Listing ID: TN-2062
Listing Status: New
*** THIS LISTING IS CURRENTLY SALE PENDING *** OVERVIEW - ABA Advisors represents this CPA practice located in Knoxville, TN. The owner is a CPA and feels the buyer must be a CPA or EA. The owner wishes to retire from public accounting.
The Practice - The firm was started 18 years ago. The clients include construction contractors, medical practices, commercial and residential rental property companies. Only about 10% of the clients drop off work while the majority of the clients mail or send it in electronically. Most of the clients are located in the Knoxville/Sevierville, TN area. The average 1040 is $915 and the average corporate return is $2,367. Only about $60K of the firms revenue is tax with the balance accounting, write-up with some consulting. Business ID# TN-2062
Reason For Sale: Seller is of retirement age.
Training & Support: Seller is willing to provide transitional assistance to the buyer to assist client retention but, is not interested in working for the buyer. There are no staff that will transition with the buyer.
