Established East TN Bookkeeping/Tax Prep Practice

Business Overview:

This bookkeeping and tax practice, located in a Knoxville, TN suburb, has been in operation since 1978. The owner is looking for a buyer who can continue to provide exceptional service to the practice's loyal clients. The practice is operated out of the home, so most clients provide their information electronically, lending itself to transfer to non-local buyers.

Revenue is made up of approximately 75% bookkeeping/payroll (approximately 28 clients) and 25% tax prep (approximately 400 clients). Tax prep is approximately 70% individual returns, 25% Form 1040 Schedule C, and 5% for Forms 1120, 1120S, 1065, 1041 and 990.

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Property Features and Assets:

Market Competition and Expansion:

There are couple of national tax prep retailers in the market. There are a few small firms for bookkeeping locally, although most are at capacity and not accepting new clients.

Quite a bit of new business openings in the local market. Ownership does not advertise the practice, but regularly turns away new clients due to the current owner being at capacity. There is plenty of growth potential in the local market for a buyer who has capacity for additional business.

Reason for Selling:

Retiring. Kindly ask the seller for more information.

Additional Details:

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