San Luis Obispo

CPA firm for Sale in San Luis Obispo, CA. Firm is currently priced and offered for sale based on all Partners selling their interest in the business. This 3 Partner firm operates out of two office locations in the region. Each office can be relocated but should remain in their respective communities. Gross revenue of $1,565,000 is derived from approximately 1400 individual returns with an average fee of $479 along with 498 business returns with an average fee of $1,032 and $380k of bookkeeping/tax planning & consulting (see breakdowns below). Sellers are available for transition assistance and could potentially continue with the firm, in a limited basis, for a short period of time. Firm uses Lacerte & Quickbooks. Approximately half of the clients drop-off/mail or electronically remit documents while the other half likes to come in for an appointment. The clientele will transition best to a CPA or an EA that has a background in Tax & Accounting. 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

$1,950,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$1,565,001

Net + Discretionary

$1,058,431

Tax Prep Income

$1,184,875

Bookkeeping Income

$155,350

Other Income

$224,775

Individual Clients

1389

Average Fee

$479

Entity Clients

498

Average Fee

$1,032

Revenue Breakdown

1040 - 1389 @ $479 avg fee.
1120 - 29 @ $1,252 avg fee.
1120S - 235 @ $1,412 avg fee.
1065 - 118 @ $827 avg fee.
1041 - 116 @ $416 avg fee.
990 - 26 @ $196 avg fee. (Most are small non-profits completed pro-bono)

Payroll - 34 Clients & Total Revenue = $48,550
Bookkeeping - 33 Clients & Total Revenue = $106,800
Consulting, Tax Planning & Misc. Income = $224,775

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.