Utah Tax And Accounting Practice, Two Offices

Business Overview:

This established Utah tax and accounting practice serves 898 active clients from two offices, one on the Wasatch Front and one in the Uintah Basin. Client concentration is unusually low: the largest single client is 2.72% of revenue and the top fifteen combined stay under 17%. Thirty-seven percent of clients buy two or more services across tax, bookkeeping, and payroll, generating 60% of revenue, and roughly 90% of the book recurs annually by industry convention. In CY2025 the practice generated $865,118 in revenue and $375,063 in seller's discretionary earnings, a 43.4% margin, with SDE up 31.3% over two years. Client relationships have transferred twice without disruption. The referral base traces back sixty years with no marketing spend. One partner retires at closing with 30 days of transition support; the second continues 12 months as a contractor. SBA financing is available with a lender term sheet in hand. The asking price is $1,295,000.

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Property Features and Assets:

The practice operates from two leased offices in Utah, one serving the Wasatch Front and one serving the Uintah Basin. Both leases are assignable to a buyer. The Uintah Basin lease runs through 2029 with standard renewal options. The Wasatch Front office is leased from an entity related to one of the sellers, and a post-close market-rate lease at $24,000 per year has been pre-negotiated and is available to the buyer. Exact square footage is being confirmed and will be provided to qualified buyers under NDA. Delivery is predominantly digital: professional tax software with multi-user access across both offices, QuickBooks Online for bookkeeping clients, a secure client document portal, and in-house payroll processing. Furniture, fixtures, and equipment used in operations are included in the sale.

Market Competition and Expansion:

Tax preparation and accounting is a stable, non-discretionary category with recurring annual demand and high retention. This practice is diversified across tax, accounting, payroll, and advisory work rather than depending on seasonal individual returns alone, and client concentration is unusually low with the largest client at 2.72% of revenue. A new owner could grow by converting more single-service clients to multi-service relationships, adding advisory services to the existing business client base, activating direct marketing where the practice has relied on referrals alone, and pursuing tuck-in acquisitions of retiring sole practitioners.

Reason for Selling:

Retirement and partner exit. Kindly ask the seller for more information.

Additional Details:

Documents:

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