Del Mar

Tax and Accounting firm for sale in Del Mar, CA. ref# DEL124. The Seller is looking forward to retirement but will make themselves available to ensure a smooth transition as client retention is very important, however they are not interested in staying on past the transition period. There are currently three full-time employees, two of which will stay after the sale. Approximately 10% of clients come in for an appointment, 30% will drop off, 20% mail-in while the remaining 40% will remit their documents electronically. The current office space is located in a Class A, upscale, professional building and is available to Buyer if desired. There is less than a year left of the current lease. Should the Buyer choose to relocate, it is advisable the new location should remain in the same affluent area to aid in client and staff retention. This practice cannot be run virtually and must stay in the northern coastal area of San Diego. In 2023, the practice generated a gross revenue of $743k from 144 Individuals with an average fee of $2,539 and 76 Entities with an average fee of $1,917 (see breakdown below), with $96k in bookkeeping and $136k for other services provided which include tax planning, tax notices, misc. tax prep work, and amended returns. Practice currently uses Lacerte for tax preparation as well as QuickBooks and Timeslips. The clientele will transition best to a CPA who has high quality detailed workpapers and good people skills; someone who is technically proficient with a strong background in tax and accounting. 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

$960,000

Status

Sale Pending

Business Type

Tax & Accounting Firm

Gross Revenue

$743,196

Net + Discretionary

$432,193

Tax Prep Income

$511,205

Accounting Income

$96,409

Other Income

$135,582

Individual Clients

144

Average Fee

$2,539

Entity Clients

76

Average Fee

$1,917

Revenue Breakdown

Entity Revenue Breakdown:
1120 - 20 @ $1,882 avg. fee
1120S - 24 @ $2,041 avg. fee
1065 - 32 @ $1,835 avg. fee

Accounting Services:
Yearly Bookkeeping - 30 clients = $96,409

Other Services Provided:
Tax Planning & Tax Notices = $70,373
Misc. Tax Prep = $11,761
Amended Returns = $53,448

(Misc. tax prep includes 3 FINCEN Form 114, 2 Form 3520, 2 Form 1041, 2 Form 709 and 1 Form 1040NR)

PLEASE NOTE: This practice cannot be run virtually and must stay in the northern coastal area of San Diego.

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.