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Memphis, Tennessee Suburb CPA Practice for Sale
SOLD
Listing #: TN1084
Location: Tennessee
Type: CPA TAX BOOKKEEPING
Annual Revenue: $535,000
Asking Price: $585,000
| Presented by: |
 |
| Lori Newcomer, CPA |
| Toll Free: 888-553-1040 x 2 |
Description:
• Accounting & tax (CPA) practice for sale in an Eastern Memphis suburb (Shelby County, Tennessee)
• Revenues are desirably blended to include accounting (approximately 17%); tax preparation for individuals (51%) and business / other entities (25%); and other professional services (7%)
• Current year gross revenues are estimated to be approximately $535,000, and net benefit to owner is strong at approximately 50% of gross revenue ($265,000 cash flow estimated for the current year)
• Solid fee structure, with an average tax return fee of about $465 for individuals and $1,750 for business returns
• The practice has grown steadily and is poised for further growth, as the owner has been turning away work
• Experienced staff is in place
• The owner will assist with the transition, and the owner is open to working for Buyer for at least one tax season after closing, which should optimize client retention and ensure a seamless transition
• Revenues are desirably blended to include accounting (approximately 17%); tax preparation for individuals (51%) and business / other entities (25%); and other professional services (7%)
• Current year gross revenues are estimated to be approximately $535,000, and net benefit to owner is strong at approximately 50% of gross revenue ($265,000 cash flow estimated for the current year)
• Solid fee structure, with an average tax return fee of about $465 for individuals and $1,750 for business returns
• The practice has grown steadily and is poised for further growth, as the owner has been turning away work
• Experienced staff is in place
• The owner will assist with the transition, and the owner is open to working for Buyer for at least one tax season after closing, which should optimize client retention and ensure a seamless transition
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