Well Established East TN Bookkeeping/Tax Prep Practice
Business Description
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.
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.
About the Business
- Years in Operation
- 47
- Currently Home Based
- Yes
- Market Outlook / Competition
- 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.
- Opportunities for Growth
- 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.
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- Negotiable
Listing Info
- ID
- 2415453
- Listing Views
- 17
Listing ID: 2415453 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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