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Chattanooga, Tennessee Area Tax Practice For Sale
SOLD
Listing #: TN1037
Location:
Type:
Annual Revenue: $547,000
Asking Price: $300,000
| Presented by: |
 |
| Lori Newcomer, CPA |
| Toll Free: 888-553-1040 x 2 |
Description:
Long established tax and tax representation practice. Â About $100,000 of fees are from tax return preparation and about $447,000 of fees are from tax representation. Â When owner is engaged to provide tax representations services the new client generally pays fees as they are earned over a six month period. Â Owner estimates that currently there are about $45,000 per month in new client fees set up for next six months (6 * $45,000 = $270,000) from about 200 new clients. Â This could be vouched by buyer during due diligence. Â With the asking price at $300,000, and $270,000 in new client fees estimated to be received on about 200 newly engaged clients, this could be an interesting deal. Â
Long established tax and tax representation practice. Â About $100,000 of fees are from tax return preparation and about $447,000 of fees are from tax representation. Â When owner is engaged to provide tax representations services the new client generally pays fees as they are earned over a six month period. Â Owner estimates that currently there are about $45,000 per month in new client fees set up for next six months (6 * $45,000 = $270,000) from about 200 new clients. Â This could be vouched by buyer during due diligence. Â With the asking price at $300,000, and $270,000 in new client fees estimated to be received on about 200 newly engaged clients, this could be an interesting deal. Â
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