San Jose

CPA Firm in San Jose, CA for Sale. The firm has been in San Jose for over 30 years and the Seller is ready to retire and spend more time with family. The Seller is willing to remain on a limited basis, for up to a year, after the sale in order to assist the buyer as needed. Practice can be moved from its current locations but should remain in the San Jose area. Firm generates gross revenue of $272k from 233 individuals with an average fee of $652 along with 68 Entities with an average fee of $885 (additional breakdown below) and $60k of bookkeeping & compilations. Approximately 90% if clients will mail/email/drop off/electronically send in their information while about 10% like to come in for an appointment. The clients will transition best to a CPA in the area that has experience working with multiple types of entities and individuals. Firm currently uses Ultra-Tax, Practice 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

$315,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$272,644

Net + Discretionary

$135,425

Tax Prep Income

$212,098

Bookkeeping Income

$57,931

Other Income

$2,615

Individual Clients

233

Average Fee

$652

Entity Clients

68

Average Fee

$885

Revenue Breakdown

Entity Average Fee Breakdown:
16 - 1120 @ $1,233 avg. fee
6 - 1120S @ $1,601 avg. fee
11 - 1065 @ $844 avg. fee
32 - 1041 @ $627 avg. fee
3 - 709 @ $500 avg. fee

Other Income Breakdown:
Prior Year Return - $1,800
Sales Tax/PR/571 - $1,000

Bookkeeping Services Breakdown:
9 Monthly $42,256
2 Quarterly $6,710
10 Annual $8,965

Reduction in expenses for rent & software due to economies of scale could easily add $58k to the already 50% net profit alone. Please see the practice profile pdf for additional information and the 2021 P&L data.

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.