Escondido

EA firm for sale in Escondido, CA. ref# ESC124. The Seller is very much looking forward to retirement but will stay on a limited basis to ensure a smooth transition. In addition to the EA Seller there is 1 part-time staff member who will not stay after the sale. Approximately 30% of clients will come in for an appointment, 20% will drop off, 30% mail-in while the remaining 20% will remit their documents electronically. The current office space is located on the 2nd floor of a professional office building situated near downtown Escondido with a lease ending on 12/31/24. The space and expenses are currently shared, with each tenant paying half. After the lease ends, the office can continue to be shared, if the Buyer is interested or, the other tenant will move to a separate space. If the office is not retained by the Buyer, keeping a location within the area around Escondido (between San Marcos, Scripps Ranch and Valley Center) is ideal for client retention. In 2023, the practice generated a gross revenue of $162k from 375 Individuals with an average fee of $344 and 24 Entities with an average fee of $510 (see breakdown below), with $20k in bookkeeping which include payroll services provided. Practice currently uses Drake for tax preparation as well as QuickBooks and TAME Software. The clientele will transition best to an EA or CPA with a strong background in tax & accounting, should be able to communicate clearly and will be willing to assist with 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

$185,000

Status

Sale Pending

Business Type

EA Firm

Gross Revenue

$161,800

Net + Discretionary

$131,000

Tax Prep Income

$141,400

Accounting Income

$20,400

Other Income

Individual Clients

375

Average Fee

$344

Entity Clients

24

Average Fee

$510

Revenue Breakdown

Entity Revenue Breakdown:
1120 - 2 @ $498 avg. fee
1120S - 8 @ $561 avg. fee
1065 - 8 @ $544 avg. fee
1041 - 6 @ $399 avg. fee

Accounting Services:
Monthly Bookkeeping - 1 client = $16,600
Quarterly Bookkeeping - 2 clients - $3,800

*Accounting services provided also includes payroll services.

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.