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Knoxville, Tennessee Virtual Accounting & Tax Practice for Sale
SOLD
Listing #: TN1085
Location: Tennessee
Type: TAX EA BOOKKEEPING
Annual Revenue: $206,000
Asking Price: $225,000
| Presented by: |
 |
| Lori Newcomer, CPA |
| Toll Free: 888-553-1040 x 2 |
Description:
• 90% virtual accounting and tax practice for sale, based in Knoxville, Tennessee
• Revenue mix: Monthly accounting (81%); quarterly / annual accounting (12%); and tax
preparation for individuals and business entities (7%)
• Current year gross revenues and cash flow are estimated to be approximately $206,000 and
$100,000 (48%), respectively
• Solid fee structure, with an average annual fee of about $8,400 per client for monthly
accounting and $920 for tax preparation
• As the vast majority of revenues are derived from monthly accounting, this would be a great
practice to acquire any time of the year
• Software in use includes Quickbooks Online and Drake
• The owner will assist in transitioning clients to the buyer
• Revenue mix: Monthly accounting (81%); quarterly / annual accounting (12%); and tax
preparation for individuals and business entities (7%)
• Current year gross revenues and cash flow are estimated to be approximately $206,000 and
$100,000 (48%), respectively
• Solid fee structure, with an average annual fee of about $8,400 per client for monthly
accounting and $920 for tax preparation
• As the vast majority of revenues are derived from monthly accounting, this would be a great
practice to acquire any time of the year
• Software in use includes Quickbooks Online and Drake
• The owner will assist in transitioning clients to the buyer
Please note that due to tremendous interest in this listing, the owner is unlikely to consider an offer that includes seller financing nor pricing contingent on client retention
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