Upper Cumberland, Tennessee CPA Practice for Sale
| Asking Price: | $910,000 |
| Gross Revenue: | $910,000 |
| Cash Flow: | $354,000 |
• Accounting and tax (CPA) practice for sale in the Upper Cumberland region of Middle Tennessee (Cookeville area), about 90 minutes from Nashville, Knoxville, and Chattanooga
• Revenue mix: Accounting (approximately 41%); payroll (17%); tax services for individuals (24%) and business / other entities (15%); and other services (3%)
• Client mix: Approximately 75% of revenues are derived from business clientele representing a broad range of industries
• The practice enjoys a stellar client retention rate, and current year revenues are estimated to be $910,000
• The practice experiences a steady year-round revenue pattern, making this a great practice to acquire any time of the year
• Experienced staff and technology are in place, and the location is assumable if desired
• Seller will assist in transitioning clients to the buyer and is open to working for buyer after closing, which should ensure a seamless transition and optimal client retention
• Only about 10% of individual tax clients required a tax interview during the most recent tax season
• Software in use includes Ultratax by Thomson Reuters and Quickbooks
• Please note that Buyer must be a CPA
