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 $272k is derived from 240 Individuals with an average fee of $641 and 35 entities with an average fee of $1,476, plus 12 Bookkeeping clients and 3 Payroll clients that generate revenue of $67k. Approximately 10% of clients come in for an appointment while 90% drop-off/mail in/electronically upload their documents to Seller. Firm provides bookkeeping, payroll and accounting services to multiple individuals and entities; there is no specific industry or concentration of clients. Firm uses Lacerte & Quickbooks. Firm operates with a 70% gross profit margin to the Seller. 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

$325,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$272,093

Net + Discretionary

$205,621

Tax Prep Income

$205,511

Bookkeeping Income

$53,238

Other Income

$13,344

Individual Clients

240

Average Fee

$641

Entity Clients

35

Average Fee

$1,476

Revenue Breakdown

Entity Average Fee Breakdown:
3 - 1120 @ $2,008 avg.
13 - 1120S @ $1,858 avg.
11 - 1065 @ $1,483 avg.
8 - 1041 @ $647 avg.

Other Income Breakdown:
3 Payroll Clients with an avg. of 7 EE with total annual revenue of $13,344

Bookkeeping Income Breakdown:
12 Accounting Clients with annual revenue of $53,238

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.