CPA firm for sale in Fresno, CA ref # FRE124. The Firm was established by the Seller in 2000 and has operated in its current location for the past ten years. The office is located in an upscale, single-story building with monthly rent of approximately $3,000. The lease may be assumable by the Buyer, if desired, or the practice may be relocated. However, because most clients visit the office, keeping the practice within the general area would be ideal for client retention.
Approximately 80% of clients come in for an appointment, 10% drop off their information, 8% mail in their documents, and 2% submit information electronically. Gross revenue of $359,000 is generated from approximately 185 individual tax returns with an average fee of $710, 53 entity returns with an average fee of $1,487, and roughly $150,000 from 17 audits, reviews, compilations, and minimal payroll services.
The Seller is ready to begin transitioning into retirement but is open to continuing work after the sale, with compensation to be negotiated. The Firm currently employs three part-time administrative employees, all of whom are family members; however, they will not remain after the sale. These duties can likely be handled by one full-time employee or a highly efficient part-time employee.
The clientele will transition best to a CPA with a strong tax background and experience working with non-profits, particularly churches and ministers. Because the practice includes attest work, the Buyer must be a licensed CPA qualified to perform attest services.
The practice currently uses Lacerte for tax preparation and QuickBooks for accounting.
Much more information is available on the Practice Profile, including a more in-depth breakdown of the staff & financials. 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.