#5458 - Greater Knoxville Area - TENNESSEE

THE OPPORTUNITY A new opportunity is available to acquire a well-established, local CPA firm in the Greater Knoxville Area. Operating as a home-based business, this turn-key practice is ready to be seamlessly integrated into an existing office or relocated to a new local space. The practice boasts a desirable, year-round revenue stream with consistent monthly cash flow, driven by accounting, bookkeeping, and payroll services. The sellers are seeking a qualified buyer with significant public accounting and tax preparation experience who can maintain the high standard of service and trusted relationships these clients rely on. KEY HIGHLIGHTS • Stable Year-Round Income: Unlike traditional tax-heavy practices, this firm provides excellent monthly cash flow stability, with 83% of revenues derived from recurring accounting and payroll clients. • Local Reputation: A deeply rooted, trusted firm in the local community with a loyal client base spanning multiple years. • Turn-Key Transition: The current owners (who are not the original founders) have maintained good, structured records and a streamlined operation. They are fully committed to assisting with a smooth transition to ensure maximum client retention. • Location Flexibility: Currently operated from a home office, the business must be relocated upon sale, making it a perfect bolt-on acquisition for an existing firm looking to expand its Knoxville footprint, or an independent practitioner ready to step into a structured book of business. FINANCIAL BREAKDOWN • 65% Accounting and Bookkeeping Services • 18% Payroll Services • 3% Income Tax Preparation for Individuals • 13% Income Tax Preparation for Business and Other Clients • 1% Non-Tax Consulting Services Asking: $205k