San Diego #SAN125


CPA firm for sale in the Scripps Ranch neighborhood of San Diego. This well-established firm sold roughly half of the firm in 2020 in order to reduce the Seller’s workload in anticipation of retirement, and now it’s time for the Seller to fully retire. The Seller’s goal is to find a good home for the clients with either a CPA, or EA, who has an extensive tax and accounting background. The Seller currently works out of a physical office in Scripps Ranch but the clients can easily be moved to the Buyer’s office between Mission Valley and Escondido. The Seller will happily assist the Buyer with transition but is not interested in assisting with tax preparation after the sale. Approximately 73% of the individual client’s mail or remit documents electronically, while 13% drop-off, and the remaining 14% (approximately 13 people) like to come in for an appointment. The gross revenue of $150k is derived from 98 Individual tax returns with an average fee of $826, plus 28 Entities with an avg fee of $2,274 (see breakdown below) and $17k of Accounting, Payroll and Consulting. The firm currently employs one Admin Assistant who will not continue working after the sale. The Seller wants to find a successor who is honest, will provide great service to all of the clients, and be flexible with the clients and their needs.

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Price

$175,000

Status

Sale Pending

Business Type

CPA Firm

Gross Revenue

$150,000

Net + Discretionary

$115,413

Tax Prep Income

$132,930

Accounting Income

$17,030

Other Income

-

Individual Clients

98

Average Fee

$826

Entity Clients

28

Average Fee

$2,274

Revenue Breakdown

Entity Average Fee Breakdown:
1120 - 1 @ $3,300 avg. fee
1120S - 11 @ $1,755 avg. fee
1065 - 8 @ $2,835 avg. fee
1041 - 8 @ $1,029 avg. fee

Accounting Service Breakdown:
1 Annual Bookkeeping
1 After-the-fact Payroll
1099 Prep
Consulting

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