Knoxville Area Tax & Bookkeeping Practice

SOLD

This business offers a great year-round income to the owner, with a good revenue mix. The business is well established and well known in the area. The business offers stable revenues with great growth potential, a great location and additional space available for future expansion. The owner is available to assist with a smooth transition. The building is available for sale or lease. Revenues consist of: 78% from accounting, bookkeeping and payroll services 19% from income tax preparation services for individuals 3% from income tax preparation services for businesses

Asking Price

$109,000

Annual Gross

$99,000

Revenue Breakdown:

Additional info coming soon.

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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 to assist with client retention and a smooth handoff.

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