San Luis Obispo

CPA Firm for Sale in San Luis Obispo, CA. ref# SLO123. This firm has been operating for over 25 years and in the same location for over 10 years. The Seller is looking forward to retirement but is able to assist the Buyer after the sale as needed. The practice can be moved from it’s current location but should remain in the local region for the best client retention. Practice generates gross revenue of $274k from 140 Individuals with an average fee of $1,065, plus 45 Entities with an average fee of $1,391 (additional breakdown below), and $62k of revenue from 2 HOA Reviews, Compilation/Bookkeeping Services, Consulting and other Misc. Services provided. Approximately 44% of clients like to come in to the office for an appointment while the remaining 66% prefer to drop-off, mail, and electronically remit their tax information. Firm uses Drake, Lacerte, QuickBooks and CFS. Seller is looking for a CPA with a background in tax who is responsive, patient and kind. 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

$312,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$247,229

Net + Discretionary

$157,083

Tax Prep Income

$211,802

Bookkeeping Income

$50,265

Other Income

$11,842

Individual Clients

140

Average Fee

$1,065

Entity Clients

45

Average Fee

$1,391

Revenue Breakdown

Entity Average Fee Breakdown:
19 - 1120 & 1120S @ $1,880 avg. fee
5 - 1065 @ $2,286 avg. fee
20 - 1041 @ $690avg. fee
1 - 990 @ $1,642

Compilation/Bookkeeping Services = $50,265
2 Monthly - Compilation/Bookkeeping - No Payroll
1 Quarterly - Compilation/Bookkeeping - No Payroll

Consulting & Tax Planning = $3,162

2 - HOA Reviews = $8,680

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.