Santa Clara II

CPA firm for sale in Santa Clara, CA. This Sole-Proprietor firm was established in 1982 and has been operating from the Seller’s home office for the last 3 years. The Seller is looking forward to retirement but is willing to assist the Buyer for the first tax season, if needed. Approximately 70% of clients electronically remit their documents, while 15% mail and the remaining 15% drop off their documents at the Seller’s office for return completion. The firm needs to be relocated but can be operated from anywhere in the local area, as the Seller has not performed any face-to-face meetings over the past three years. This practice provides tax preparation, bookkeeping and consulting services to a variety of clients. This is a completely digital office that does not retain any documents on paper any longer. Practice generates gross revenue of $84k from 132 Individuals with an average fee of $402, plus 12 Entities with an average fee of $1,640 (See Breakdown Below), and $11k from bookkeeping/consulting services. Practice currently uses ProSeries for tax preparation as well as QuickBooks for accounting. The seller is currently at his desired capacity and turns away new clients, but those referrals could be an opportunity for growth to the future owner. The clientele will transition best to an EA or CPA with a background in tax, good interpersonal skills and solid business and forecasting skills. 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

$100,000

Status

Sold

Business Type

CPA Firm

Gross Revenue

$83,408

Net + Discretionary

$71,477

Tax Prep Income

$72,607

Bookkeeping Income

$10,801

Other Income

Individual Clients

132

Average Fee

$401

Entity Clients

12

Average Fee

$1,640

Revenue Breakdown

Entity Average Fee Breakdown:
3 - 1120 @ $2,377 avg. fee
4 - 1120S @ $1,789 avg. fee
2 - 1065 @ $848 avg. fee
3 - 1041 @ $1,230 avg. fee

Bookkeeping Income Breakdown:
2 Monthly Accounting Clients
1 Quarterly Accounting Client

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.