Chattanooga Area Practice

SOLD

The sellers of this Chattanooga accounting firm are ready to retire. The firm is experiencing continue growth and offers a nice cash flow to the owners! This is a unique business servicing one industry in over 42 states! The niche market the firm has developed allows for continued growth through referrals from clients within the industry.

Asking Price

$1,000,000

Annual Gross

$1,000,000

Revenue Breakdown:

73% write-up services

27% tax preparation services, payroll processing and year end services

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How to Buy With Confidence

Our experience in the industry makes the transaction simple.

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Phase 1:

Locating a Firm to Purchase

Start by analyzing your strengths to determine the ideal firm size and client mix for you. Assemble your team of advisors, get pre-approved for financing, and begin identifying acquisitions that are the right cultural and professional fit.

Phase 2:

Negotiations and Due Diligence

Bring a fair offer to the table that addresses price, terms, and any employment contract for the seller. After executing an offer or LOI, conduct a thorough review of tax returns, financials, and client demographics to confirm the firm's value.

Phase 3:

Closing and Transition

Finalize your closing documents, fund the purchase, and begin building relationships with clients and staff. A clear transition plan — often with the seller staying on briefly — ensures client retention and a smooth handoff.

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