Burbank

EA firm for sale in Burbank, CA. ref# BUR124. The firm was established by the Seller in 2000 and has been operating in the same location ever since. The Seller is looking forward to retirement, but is available to work with the Buyer, on a part time basis, for up to 1 year . The gross revenue of $297k is derived from 444 Individuals with an average fee of $400, plus 76 Entities with an average fee of $744 (see breakdown below), along with an estimated $64k for bookkeeping and payroll services. Approximately 10% of clients remit everything electronically, while 15% of clients drop off, 15% mail-in, and the remaining 60% prefer an in-person appointment. Approximately 10% of clients file a Schedule C, 10% file a Schedule E, 10% file an E p2, and 30% file a Schedule D. In addition to the EA Seller, there is an office manager who would also consider working part time after the sale for up to 1 year, if needed. The practice uses Lacerte for tax preparation and QuickBooks for bookkeeping & payroll. 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

$350,000

Status

Sale Pending

Business Type

EA Firm

Gross Revenue

$297,723

Net + Discretionary

$210,667

Tax Prep Income

$233,857

Accounting Income

$61,910

Other Income

$1,956

Individual Clients

444

Average Fee

$400

Entity Clients

76

Average Fee

$744

Revenue Breakdown

Entity Average Fee Breakdown:
4 - 1120
17 - 1120S
11 - 1065
38 - 1041
2 - 990
4 - 706

Bookkeeping Revenue Breakdown:
9 - Bookkeeping Clients = $39,865
15 - Payroll Clients = $22,045

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.