Santa Ana

EA firm for sale in Santa Ana, CA. This Solo practitioner firm was established in 1981 and the Seller is looking to retire after years of service. The firm is currently operated by the Seller and a part-time administrative assistant who would like to remain on staff after the sale. Seller currently works from a home office, so the practice can easily relocate to another office in the Orange County region. Keeping a location within a reasonable distance for clients and staff to travel is ideal and will aid in retention. Firm generates gross revenue of $168k from 203 individuals with an average fee of $500 along with 30 Entities with an average fee of $1,1364 (additional breakdown below) and $30k of financial service income. Approximately 50% of the clients like to come in for a tax appointment and the other 50% will remit documents through the mail and electronically. The clientele will transition best to an EA or CPA with a practical background in tax who also has a series 7/66 to continue providing financial service. Practice currently uses UltraTax for tax preparation, Avantax as their Broker Dealer, and CFS Tax Tools & CFS Payroll. 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

$220,000

Status

Sold

Business Type

EA Firm

Gross Revenue

$167,922

Net + Discretionary

$102,513

Tax Prep Income

$135,574

Bookkeeping Income

$2,087

Other Income

$30,261

Individual Clients

203

Average Fee

$500

Entity Clients

30

Average Fee

$1,134

Revenue Breakdown

Gross Revenue by Service:
1040 - 203 @ $500 avg. fee
1120 - 2 @ $668 avg. fee
1120S - 6 @ $1,749 avg. fee
1041 - 16 @ $1,103 avg. fee
990 - 4 @ $801 avg. fee
5227 - 2 @ $673 avg. fee

Consulting = $2,087
Financial Services – Commissions & Trails = $29,195
Financial Services – Advisory = $1,066

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.