Bay Area Virtual

Virtual Tax Firm for Sale currently located in the Silicon Valley region of the Bay Area. The firm is operated remotely from a virtual office but maintains a physical address in a co-working space. The practice has reached capacity for internal growth amongst the Sellers & staff and would like to find a firm that can continue to promote growth and break through the next ceiling. In addition to the 3 EA Sellers, the staff consists of 10 full-time employees as well as 1 part-time Bookkeeper. Because of the virtual infrastructure established by the Sellers, this firm could be owned and operated remotely. The employees currently work both from home and the co-working space as needed. This practice is a great opportunity for a firm looking to acquire and grow, or an experienced EA/CPA who has a strong background in scaling and/or operating a virtual firm. Firm generates gross revenue of approximately $1,650,000 from 837 individuals with an average fee of $910 along with 186 Entities (Breakdown below) with an average fee of $1,424 in addition to $568k of bookkeeping and $52k consulting work. Practice uses Lacerte tax software for individual and entity filings along with Karbon for workflow management and QuickBooks online for their accounting services. 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

$2,000,000

Status

Available

Business Type

EA Firm

Gross Revenue

$1,646,447

Net + Discretionary

$509,426

Tax Prep Income

$1,026,392

Bookkeeping Income

$567,816

Other Income

$52,239

Individual Clients

837

Average Fee

$910

Entity Clients

186

Average Fee

$1,424

Revenue Breakdown

Entity Average Tax Fee Breakdown:
32 - 1120 @ $1,390 avg. fee
105 - 1120S @ $1,420 avg. fee
38 - 1065 @ $1,499 avg. fee
11 - 1041 @ $388 avg. fee

Bookkeeping Services Provided:
81 Monthly Clients
4 Quarterly Clients
35 Annual Clients

Firm provides Bookkeeping, Payroll, Accounting and Tax Services to multiple individuals and entities with a high focus on Tax Planning for individuals. The net profit increases significantly when combined with another firm and economies of scale are realized. Revenue is also expected to increase as more clients on a waiting list are able to be serviced. Please see the practice profile pdf for additional information and the 2021 P&L data.

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.