Newport Beach

CPA Firm for sale in Newport Beach, CA – ref# NPB124. The Seller is willing to remain on staff after the sale, pay rate to be negotiated. There is currently one full-time employee and 1 part-time employee, both are also likely to stay after the sale. Approximately 50% of clients like to come in for an appointment, 20% will drop off, 5% mail-in while the remaining 25% remit their documents electronically. The current office space is conveniently located on the 1st floor of a professional building with ample parking, coffee shops and eateries nearby. The current lease has an expiration date of 9/30/24. If the Buyer relocates the office after the expiration of the lease, retaining a physical office within approximately 5 miles from the current location is ideal and will aid in client retention. In 2023, the practice generated a gross revenue of $601k from 460 Individuals with an average fee of $620 and 272 Entities with an average fee of $1,164 (see breakdown below). Practice currently uses Lacerte for tax preparation. The clientele will transition best to a very experienced EA or 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

$680,000

Status

Sale Pending

Business Type

CPA Firm

Gross Revenue

$600,722

Net + Discretionary

$282,255

Tax Prep Income

$600,722

Accounting Income

Other Income

Individual Clients

460

Average Fee

$620

Entity Clients

272

Average Fee

$1,164

Revenue Breakdown

Entity Revenue Breakdown:
1120 - 11 @ $1,263avg. fee
1120S - 40 @ $1,043 avg. fee
1065 - 165 @ $1,300 avg. fee
1041 - 50 @ $680 avg. fee
990 - 4 @ $2,375 avg. fee
709 - 2 @ $1,000 avg. fee

This firm provides tax services to multiple individuals and entities with a major focus on Real Estate Investment Partnerships.

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.