Fullerton #FUL124

CPA firm for sale in Fullerton, CA. ref# FUL124. The firm was established by the Seller 34 years ago and has been operating in the same location for the past 24 years. The current office space can be retained, however if it is moved, it should remain in the nearby area for those clients who are used to dropping off documents or like to come in for appointments. The Seller is looking forward to retirement but is available to continue working with the Buyer for up to 1 year, if needed. The gross revenue of $215k is derived from 194 Individuals with an average fee of $759, plus 30 Entities with an average fee of $1,677, along with $17k for bookkeeping and payroll service (see breakdown below). Approximately 43% of clients drop off their tax information, while 42% mail-in and the remaining 15% like to come in for a face-to-face appointment. In addition to the CPA Seller, there is 1 contract CPA who prepares all the business returns and some personal returns. This contractor is retiring in April 2025 and will only be able to assist the Buyer for this upcoming tax season, if needed. The practice uses Drake for tax preparation and CFS for bookkeeping & payroll. The Seller is looking for a CPA 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

$285,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$214,677

Net + Discretionary

$164,397

Tax Prep Income

$197,565

Accounting Income

$17,112

Other Income

Individual Clients

194

Average Fee

$759

Entity Clients

30

Average Fee

$1,677

Revenue Breakdown

Entity Average Fee Breakdown:
1 - 1120 @ $1,760 avg fee
18 - 1120S @ $1,722 avg. fee
3 - 1065 @ $1,675 avg. fee
8 - 1041 @ $1,570 avg. fee

Accounting Revenue Breakdown:
Monthly Bookkeeping - 1 Client - $7,020
Annual Bookkeeping - 1 Client - $2,600
Live Payroll - 5 Clients - $7,492

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.