Escondido

EA firm for sale in Escondido, CA. This Solo EA firm was established by the Seller in 2017 and has been operating in its current location for the past 5 years. The Firm currently occupies a 1,000 sq ft office in Escondido but can be relocated to anywhere in North San Diego County. The Seller has performed minimal face-to-face meetings with about 10% of clients coming in for an appointment, while 5% drop off their tax documents, 10% mail to the office and 75% will remit electronically. Practice gross revenue of $315k is derived from 386 individual tax returns with an average fee of $431 plus 111 Entity returns with an average fee of $778 and $43k of year-round Bookkeeping revenue. Practice is currently operated by the Seller with 1 full-time staff accountant and 2 part-time admin/bookkeepers. The Seller is looking for an experienced EA or CPA who is comfortable working with all types of clients and can complete a business, trust or personal tax return from beginning to end. Ideally the Buyer will be able to advise and provide tax planning services to the client as well. Seller will be available to provide assistance during the transition period and then move on to enjoy retirement. Practice currently uses Lacerte for tax preparation as well as CFS TaxTools, TValue, and QuickBooks Desktop & Online. Much more information is available on the Practice Profile. Please log-in to your account for immediate access including the ability to download the Practice Profile pdf and update your distance preference.

If you don’t have an account please complete the Buyer Profile and NDA online (It will take less than 2 minutes). Once that form is submitted your account will be created and you can download the practice profile immediately. If you’ve already completed the Buyer Profile and NDA then you can log-in to our website using your email and created password (or use the forgot password link to reset password) and download this profile.

Price

$300,000

Status

Sold

Business Type

EA Firm

Gross Revenue

$314,969

Net + Discretionary

$136,665

Tax Prep Income

$246,920

Bookkeeping Income

$44,401

Other Income

$23,648

Individual Clients

386

Average Fee

$413

Entity Clients

111

Average Fee

$790

Revenue Breakdown

Entity Average Fee Breakdown:
5 - 1120 @ $1,180 avg. fee
75 - 1120S @ $781 avg. fee
16 - 1065 @ $1,059 avg. fee
11 - 1041 @ $470 avg. fee
4 - 990 @ $250 avg. fee

Please complete the Buyer Profile and NDA to instantly receive additional information. Once the webform has been submitted you will be redirected to webpage where you can download the Practice Profile pdf for any practice(s) you are interested in. If you previously submitted a buyer profile and NDA with us you can resubmit to be added to our new download system, or contact us for the Practice Profile. You can come back anytime to log in with your username and password and download additional practice listings. Please contact us at (855) 428-2225 or via email at steve@atbcal.com.