City of Industry

CPA firm for sale in City of Industry, CA. This firm was originally established in 1968 and has been in the City of Industry for over 40 years. The Seller is looking forward to retirement but will provide transition assistance after the sale. Seller is also willing to stay on and assist with return preparation after the sale but does not want to manage or work long days. Approximately 50% of clients like to come in for an appointment and the other 50% will mail/email/drop off their documents. Gross revenue of $501k is derived from 453 Individual returns with an average fee of $376 along with 211 Entities with an average fee of $1,490, plus $17k in monthly write-up income for Schedule C businesses. The current office may be retained by the Buyer, or the firm can be moved to another office in the local area for best client retention. Firm uses UltraTax along with other Creative Solutions products. The Seller is looking for an EA or CPA with a background in tax and accounting who will treat the clients well. 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

$550,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$500,985

Net + Discretionary

$243,765

Tax Prep Income

$484,500

Bookkeeping Income

$16,485

Other Income

Individual Clients

453

Average Fee

$376

Entity Clients

211

Average Fee

$1,490

Revenue Breakdown

Entity Average Fee Breakdown:
32 - 1120 @ $3,975 avg. fee
34 - 1120S @ $1,986 avg. fee
95 - 1065 @ $885 avg. fee
50 - 1041 @ $709 avg. fee

Approximately 300 1040's completed Jan-April and the remainder are completed May - Dec.
2022 Individual Avg. fee to date is $405.
Seller does not track Accounting & Tax Invoices separately, everything is bulked together on tax invoice.
EA and Office Admin willing to continue after the sale as needed.
Firm uses UltraTax

*Total 1120 Revenue includes 8 monthly write-up, 5 annual write-ups and 1 quarterly write-up.
**Total 1120S Revenue includes 1 monthly write-up, 7 annual write-ups and 3 quarterly write-ups.

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.