Oakdale

Well-established CPA firm for Sale in Oakdale, CA. This firm was built on it’s reputation and has been a fixture in the local community for over 15 years. Seller is looking forward to retirement but is available to assist Buyer, as needed, for a couple years. Practice provides Accounting, Bookkeeping, Payroll and Tax Services to multiple individuals and business entities in the area. Gross revenue of $558k is derived from 744 Individuals with an avg. fee of $396, along with 130 entities with an average fee of $1,155 (Breakdown below) plus accounting/bookkeeping/payroll/consulting clients that bring in an additional $113k of annual revenue. Firm uses Lacerte & Quickbooks along with Creative Solutions and W2 Mate. Staff is very likely to remain after the sale which will assist in client retention. Firm could be owned and operated remotely, but it would be essential to maintain a physical presence in Oakdale. The Community of Oakdale is located in the San Joaquin Valley about 15 miles north of Modesto. Oakdale is easily accessible via a one-hour drive from the San Francisco East Bay or 45 minutes from Stockton. Much more information is available on the Practice Profile. Please log-in to your account for immediate access and to download the Practice Profile pdf.

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Price

$560,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$558,819

Net + Discretionary

$290,081

Tax Prep Income

$445,080

Bookkeeping Income

$97,833

Other Income

$15,906

Individual Clients

744

Average Fee

$396

Entity Clients

130

Average Fee

$1,155

Revenue Breakdown

Entity Average Fee Breakdown:
55 - 1120/1120S @ $1,748
26 - 1065 @ $962
49 - 1041 @ $593

Accounting Income Breakdown:
Bookkeeping - $26,912
Payroll Services - $34,893
Compilations - $36,028

Accounting Includes:
6 Monthly Clients
2 Quarterly Clients
3 Annual Clients

Payroll Includes:
23 Payroll clients with approximately 20 employees.

Firm provides Bookkeeping, Payroll, Accounting and Tax Services to multiple individuals and entities. Some of the business industries include Medical Corps, Attorney’s, Manufacturing, Restaurants and Farmers. Individual returns range from retired individuals to the self-employed. For tax year 2020 the firm prepared 286 Schedule C’s, 167 Schedule E’s and 24 Schedule F’s.

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.