Greater Knoxville Area CPA Firm
The Opportunity
A new opportunity is available to acquire a well-established, local CPA firm in the Greater Knoxville Area. Operating as a home-based business, this turn-key practice is ready to be seamlessly integrated into an existing office or relocated to a new local space. The practice boasts a desirable, year-round revenue stream with consistent monthly cash flow, driven by accounting, bookkeeping, and payroll services. The sellers are seeking a qualified buyer with significant public accounting and tax preparation experience who can maintain the high standard of service and trusted relationships these clients rely on.
Key Highlights
• Stable Year-Round Income: Unlike traditional tax-heavy practices, this firm provides excellent monthly cash flow stability, with 83% of revenues derived from recurring accounting and payroll clients.
• Local Reputation: A deeply rooted, trusted firm in the local community with a loyal client base spanning multiple years.
• Turn-Key Transition: The current owners (who are not the original founders) have maintained good, structured records and a streamlined operation. They are fully committed to assisting with a smooth transition to ensure maximum client retention.
• Location Flexibility: Currently operated from a home office, the business must be relocated upon sale, making it a perfect bolt-on acquisition for an existing firm looking to expand its Knoxville footprint, or an independent practitioner ready to step into a structured book of business.
Revenue Breakdown:
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How to Buy with Confidence
Our experience in the industry makes the transaction simple.
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 to assist with client retention and a smooth handoff.
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