Listing Number Location Annual Gross Asking Price Status
TN1045 Memphis Suburb (Eastern Shelby County) $262,000 $300,000 Sold

Description:

This exceptionally nice accounting and tax practice enjoys a sterling reputation, as evidenced by its loyal following.  The practice offers 1040 preparation but earns the majority of its fees from business clientele representing a broad range of industries.  Its solid fee structure makes this practice very profitable, and the practice yields solid proforma cash flow (51% in 2013).  Revenues are desirably blended to include 1040 prep (24%), business and other entity tax returns (26%), and bookkeeping and other services (50%).  The high proportion of bookkeeping fees provides for year-round billings, supplemented by a nice bump-up during tax season. The owner is retiring but is willing to assist in an orderly transition.

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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