San Dimas

CPA practice for sale in San Dimas, CA. Seller is looking forward to retirement after the sale but is willing to assist for the first tax season if needed. Gross revenue of $140k is derived from approximately 157 Individual returns with an average fee of $214 along with 48 Entities with an average fee of $603 (see breakdown below), in addition to $77k of year round income from Bookkeeping and limited after-the-fact payroll services. Approximately 10% of clients like to come in to the office for an appointment while 25% drop off their tax information, 30% remit via traditional mail, and 35% of clients submit their information electronically. The office space is available to lease or the practice can be moved from its current location. If the practice is moved then an address or physical location in the San Dimas area will be best for client retention. The firm is operated exclusively by the Seller with very limited admin & tax prep assistance during tax season. The clientele will transition best to an EA or CPA with a background in tax & bookkeeping who is comfortable working with multiple small business owners. Practice currently uses Lacerte for tax preparation, Accounting CS & Quickbooks. 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

$150,000

Status

Sale Pending

Business Type

CPA Firm

Gross Revenue

$144,432

Net + Discretionary

$79,147

Tax Prep Income

$62,540

Bookkeeping Income

$71,706

Other Income

$5,562

Individual Clients

157

Average Fee

$214

Entity Clients

48

Average Fee

$603

Revenue Breakdown

Entity Average Fee Breakdown:
1120 - 7 @ $456 avg. fee
1120S - 30 @ $600 avg. fee
1065 - 8 @ $797 avg. fee
1041 - 3 @ $458 avg. fee

Bookkeeping Revenue Breakdown:
13 Monthly Clients @ $3,189 avg per year
13 Quarterly Clients @ $1,277 avg. per year
8 Annual Clients @ $956 avg. fee
13 Payroll Clients - Avg. of 2 payee's per payroll. All after-the-fact payroll only. - Approx. $6,000 total

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.