Pasadena #PAS124

CPA and Wealth Management firm for sale in Pasadena, CA. ref# PAS124. The Seller is looking forward to retirement but is willing to stay on part-time to ensure a smooth transition. The firm employs 3 full-time employees and 1 part-time employee year-round, all of whom are likely to stay after the sale. For tax and accounting services, approximately 5% of clients come in for an appointment, 5% drop-off and 45% mail-in, while the remaining 45% remit their documents electronically. The current office space is available to Buyer if desired. If the current office is not retained, then keeping a location within 5 miles of its current location for clients and staff to travel would be ideal. In 2023, the tax and accounting side of the practice generated a gross revenue of $535k from 98 Individuals with an average fee of $2,641 and 51 Entities with an average fee of $4,027 (see breakdown below), with $49k in bookkeeping and 2 reviews for a total of $22k. For the Wealth Management side, the firm had gross revenue of $345k. Practice currently uses Lacerte for tax preparation as well as QuickBooks, Accounting CS, Practice CS and Portfolio Center. The clientele will transition best to a wealth management firm well experienced in both CPA firm and registered investment advisory services, with a focus and belief in the Dimensional Fund philosophy. These services would include tax compliance, accounting, financial planning and investment management services. 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.

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.

Price

$1,250,000

Status

Available

Business Type

CPA & Wealth Management Firm

Gross Revenue

$907,063

Net + Discretionary

$265,054

Tax Prep Income

$464,223

Accounting Income

$49,467

Other Income

$367,365

Individual Clients

98

Average Fee

$2,641

Entity Clients

51

Average Fee

$4,027

Revenue Breakdown

Entity Revenue Breakdown:
1120 - 6 @ $4,254 avg. fee
1120S - 10 - Included Below
1065 - 17 - Included Below
Total = $140,381

1041 - 13 @ $2,587 avg. fee
709 - 2 - Included Below
Total = $38,798

990 - 2 @ 1,635 avg. fee
706 - 1 @ $22,910 avg. fee

Bookkeeping Services:
1 Quarterly Client & 26 Annual Clients - Total = $49,467

2 Reviews - $22,037

Investment Management Billings - $345,328

Firm provides bookkeeping, accounting, tax services and wealth management services to multiple individuals and entities including services provided to clients in construction, manufacturing, galvanizing, real estate, law firms, oil & gas royalty, medical services and non-profits.

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.