Covington, TN Accounting Practice for Sale
| Listing Number | Location | Annual Gross | Asking Price | Status |
| TN1024 | Covington | $197,783 | $238,000 | Available |
Description:
Long established accounting and bookkeeping and payroll service firm now available in Covington (less than an hour from Memphis). Fees from bookkeeping are over $114,000. Fees from consulting are over $17,000. Fees from payroll services are over $28,000. Fees from income tax services are over $38,000. Net cash flow is over $111,000. This firm does not perform audit services. However, this firm has several clients that are audited by other outside firms. This could be an additional $75,000 of fee income for a CPA that would purchase this firm and perform audit services for current firm clients. Good staff employees are in place to perform the work of this practice. Asking price for the practice, without the office building, is $238,000. Asking price for the practice, with the office building, is $375,000. Owner believes the building is worth around $215,000. Owner is willing to lease the office building to the purchaser of this practice.
