Salinas

CPA Firm for sale in Salinas, CA. This well-established firm has been around for over 30 years and in the same location for the past 10+ years. Seller is looking forward to retirement but is available for transition assistance as needed. The Seller’s ultimate goal is to find a good home for these clients with a CPA who has a solid tax & accounting background. Firm revenue of $281k is derived from 261 Individuals with an average fee of $646 and 35 entities with an average fee of $1,747 plus 6 Accounting Clients, 1 Auditing Client, and 23 Payroll Clients that generate revenue of $71k. Firm uses Lacerte & Quickbooks. Firm provides bookkeeping, payroll and accounting services to multiple individuals and entities, there is no specific industry or concentration of clients. Firm operates with a 70% gross profit margin to the seller.

Much more information is available on the Practice Profile. Please complete the Buyer Profile and NDA online via the link below and the Practice Profile will be available for download immediately after submission.

Price

$325,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$281,539

Net + Discretionary

$197,525

Tax Prep Income

$210,027

Bookkeeping Income

$45,508

Other Income

$25,662

Individual Clients

261

Average Fee

$646

Entity Clients

35

Average Fee

$1,747

Revenue Breakdown

Entity Average Fee Breakdown:
3 - 1120 @ $4,203 avg.
13 - 1120S @ $2,123 avg.
10 - 1065 @ $1,742 avg.
9 - 1041 @ $676 avg.

Other Income Breakdown:
1 Auditing Client with annual revenue of $8,646
23 Payroll Clients with an avg. of 9 EE with total annual revenue of $17,016

Bookkeeping Income Breakdown:
6 Accounting Clients with annual revenue of $45,508

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.