Arcadia

CPA firm in Arcadia, CA for Sale. This well-established firm has been in the same location for the past 6 years. Firm’s current office suite is likely available to Buyer if desired or the firm can be relocated within the area. Firm currently operates using Lacerte Tax Software, Quickbooks, Tax Tools & TValue. 100% of clients will drop-off/email/upload their tax documents to the firm and out of those 75% will sign and complete the process virtually while 25% return to the office to pick up. Gross revenue of approximately $864,000 is derived from 1600 individual clients (*see notes below) with an average fee of $359 and 500 Entities with an average fee of $645 (see breakdown below). This firm is best suited to an EA or CPA who has a background providing Tax & Accounting services to multiple client types and is also familiar with Trust Accounting. Seller is ideally looking for an individual or Firm that take a hands-on approach to client relationships. Much more information is available on the Practice Profile pdf. Please log-in to your account for immediate access including the ability to download the Practice Profile pdf and update your distance preferences.

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Price

$700,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$864,064

Net + Discretionary

$242,572

Tax Prep Income

$715,632

Bookkeeping Income

$123,609

Other Income

$24,823

Individual Clients

1601

Average Fee

$359

Entity Clients

512

Average Fee

$645

Revenue Breakdown

83% Tax Preparation
17% Bookkeeping/Payroll/Trust Accounting

512 Entities Breakdown (estimated):
43 - 1120 @ $697avg.
153 - 1120S @ $909avg.
91 - 1065 @ $687avg.
201 - 1041 @ $467avg.
19 - 990 @ $411avg.
5 - 709 @ $90avg.

*Total number of clients and average fee represents 100% of the firms clientele, but the seller is retaining roughly 325 clients after the sale. Gross income of full firm is $1,064,064 while gross income of $864,064 is after seller retained client income is removed.

Firm is operated by seller and 6 full-time employees, which includes 1 EA and 1 CPA. All professional staff, and most Administrative staff, are looking to continue working after the sale.

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.