Irvine

CPA firm for sale in Irvine, CA. ref# IRV123 This CPA firm was established in 1991 and has been operating in the current location for the past 7 years. Approximately 80% of clients electronically remit their tax documents, while 10% mail, 5% drop-off and the remaining 5% like to come in for an appointment (less than 10 clients total). Practice generates gross revenue of $158k from 110 Individuals with an average fee of $700, plus 56 Entities with an average fee of $1,447 (see breakdown below), and $2k from bookkeeping. Practice currently uses Lacerte for tax preparation as well as QuickBooks, SmartVault and ACT. The clientele will transition best to an CPA with a strong background in tax who is professional and possesses good interpersonal skills. The Seller also provides financial services, which they will retain, and therefore will not sell the tax portion of the business to anyone with a financial services license who could compete. The Seller is looking for an individual to purchase the practice who will rent a currently vacant single office in their current office suite. There is no staff available to transition with the practice. 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

Available

Business Type

CPA Firm

Gross Revenue

$158,050

Net + Discretionary

$126,677

Tax Prep Income

$156,250

Bookkeeping Income

$1,800

Other Income

Individual Clients

110

Average Fee

$700

Entity Clients

56

Average Fee

$1,447

Revenue Breakdown

Entity Average Fee Breakdown:
1120 - 8 @ $1,900 avg. fee
1120S - 17 @ $1,75 avg. fee
1065 - 22 @ $1,400 avg. fee
1041 - 8 @ $600 avg. fee
990 - 1 @ $500 avg. fee

Bookkeeping Revenue Breakdown:
1 - Bookkeeping @ $400-$500 per qtr.

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.