Well priced, Service First CPA Firm for Sale in Knoxville, TN

Designation:	CPA Firm
Location:	Tennessee
Status:	For Sale
Listing ID:	TN2003
Asking:	$1,150,000
Annual Gross:	$1,003,779
Reason for Selling:	Retirement

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About This Practice

With over 40 years of dedicated service in the community, this 2-partner CPA firm has built a strong reputation for being highly responsive to clients’ needs. Each owner has their own clients but all expenses, employees and office space are shared. Services are well rounded. Revenue consists of mostly of business and personal tax and bookkeeping.

Clients appreciate the time and care this firm takes to inform them of new tax changes that can provide significant financial benefits. Offering a wide range of services, this firm is a comprehensive support for businesses and individuals alike. Both owners are willing to continue working especially to continue to provide exceptional audit services. Cash flow to owner averages to 47%. The staff have excellent tenure and wish to stay to help ensure continuity and stability for the clients. The relaxed atmosphere and hybrid schedule allows staff to enjoy a work life balance while still being dedicated to their clients’ needs.

There are significant opportunities for this practice including an underserviced built-in local market which continues to grow at an exceptional pace. This firm would benefit from additional service lines, the expansion of current service lines, or formal marketing for an aggressively growth-minded Buyer.

Firm Highlights:

Both owners are open to staying on after the sale if a buyer wants
47% Cashflow to owners
Well established firm in a prime location, with loyal clients

Ideal Buyer:

The ideal buyer should have 7-10 years of public accounting experience, be personable and genuine, and take the time to understand and communicate with clients about their financial needs. While a local buyer is preferred, a remote buyer could also be a good fit if they are willing to visit the office a few times a month. A CPA designation is ideal but owners are also open to helping with any CPA work. A growth-focused buyer will recognize the solid foundation and strong client relationships to take the firm to the next level. A strong leader will be able to further develop the team, providing time to pursue the opportunities that exist in this firm. While a buyer could maintain the practice at its current size, the practice is set for growth, so would do best with a growth-minded buyer.

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About the Area

Knoxville, Tennessee, is a city with a dynamic and diverse economy that has experienced steady growth in recent years. Knoxville has a growing startup ecosystem, supported by organizations like the Knoxville Entrepreneur Center (KEC) and Innov865 Alliance. These organizations provide resources, mentorship, and networking opportunities for entrepreneurs. The city’s affordable cost of living and supportive community make it an attractive location for entrepreneurs. Knoxville’s diverse economy, combined with its strategic location, strong educational institutions, and vibrant cultural scene, make it an attractive destination for businesses and entrepreneurs looking to grow and thrive.

Knoxville, Tennessee is often described as a hidden gem. First time visitors are typically amazed by all this city has to offer. The fact that some of its most appealing attractions are within walking distance of a very vibrant downtown is a plus. Very few places offer the opportunity to experience live music, culture, outdoor adventure, eclectic shopping, and highly acclaimed cuisine in one unique location. It’s no wonder that Knoxville was recently named by Trip Advisor as a “Top 10 Destination on the Rise.”

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