Listing Number Location Annual Gross Asking Price Status
TN1037 Chattanooga Area $547,000 $300,000 Sold

Description:

Long established tax and tax representation practice.  About $100,000 of fees are from tax return preparation and about $447,000 of fees are from tax representation.  When owner is engaged to provide tax representations services the new client generally pays fees as they are earned over a six month period.  Owner estimates that currently there are about $45,000 per month in new client fees set up for next six months (6 * $45,000 = $270,000) from about 200 new clients.  This could be vouched by buyer during due diligence.  With the asking price at $300,000, and $270,000 in new client fees estimated to be received on about 200 newly engaged clients, this could be an interesting deal.  Do the math - this could be an interesting deal.

To obtain additional information on this practice go to Request More Information and register with broker. You can also be placed on a free listing notification list. Not all information is included above due to confidentiality concerns. The information is provided by sellers and has not been audited or verified by Accounting Practice Sales, Inc. or any of its independent brokers. Buyers are responsible for their own due diligence before buying any practice. Buying and operating a tax or accounting practice involves a certain amount of risk and requires business experience and professional skills.

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