Listing Number Location Annual Gross Asking Price Status
TN1054 Chattanooga (CPA) $475,000 $535,000 Sold

Description:

• The firm is well respected, resulting in an excellent retention rate and consistent referral activity
• Lower owner time commitment than is typical for a practice of this size, offering an attractive work/life balance
• Solid fee structure (average 1040 is about $435, and average business return is $1,900 in 2015)
• Client mix: Writeup and tax for businesses (approximately 48%), 1040 preparation (45%), and trust return preparation (7%)
• 2015 collections by quarter: Q1 – 28%, Q2 – 45%; Q3 – 13%; Q4 – 14%
• Experienced staff in place and an assumable location make this a turnkey opportunity
• Located in an upscale office in a popular area with ample parking
• Owner is willing to assist in an orderly transition of the practice

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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return to: Tennessee