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. Seller is looking for an experienced CPA with a strong background in tax & accounting as well as advisory and wealth management experience, with a focus and belief in the Dimensional Fund philosophy. 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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