Atascadero

CPA firm for sale in Atascadero, CA. This firm, owned by 3 Partners, was established by the Sellers in 2005 and has been operating in its current locations for 10 years. Listed price is based on partial sale. Gross carve-out revenue of approximately $700k is derived from 945 Individual returns with an average fee of $377 along with 211 Entities with an average fee of $740, plus 11 Bookkeeping clients for $27,000/yr, and 11 Payroll clients for $15,450/yr. Firm is relocatable but should stay in the general area for client retention purposes. Practice currently uses Lacerte for tax preparation as well as QuickBooks. This is a “general business practice” meaning they work with a wide range of business and personal clients. The clientele will transition best to a CPA or an EA who should be knowledgeable in all aspects of taxation, able to communicate clearly with clients and be willing to assist in financial guidance, both personal and professional. 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.

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Price

$850,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$700,000

Net + Discretionary

$407,750

Tax Prep Income

$607,046

Bookkeeping Income

$27,000

Other Income

$15,450

Individual Clients

945

Average Fee

$477

Entity Clients

211

Average Fee

$740

Revenue Breakdown

945 - 1040 @ $477/avg.
17 - 1120 @ $1,088/avg.
72 - 1120S @ $1,157/avg.
29 - 1065 @ $759/avg.
78 - 1041 @ $415/avg.
15 - 990
11 - Monthly Bookkeeping @ $27,000/yr.
11 - Payroll @ $15,450/yr.

990’s have been mostly Pro Bono (community service) work to give back to the community. Most 990's are small and/or PTA’s for local schools. Listed price is based on partial sale. Ideally, the sale of clients consists of a carve-out of about half of the clientele, but Sellers may be open to sale of entire practice.

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.