Seal Beach

SOLD October 2024 – CPA firm for sale in Seal Beach, CA. ref #SLB124. The Seller has been in business for many years and is now looking forward to semi-retirement. The practice operates mostly from a home office in a nearby community but utilizes a co-working space in Seal Beach for mail, phone, reception and conference room usage. Approximately 40% of clients mail in their tax documents, while 16% remit electronically, 11% drop-off and 33% like to come in for an appointment. The clients can be moved to another office in the region since the practice has clients in both Los Angeles County and Orange County. There are no employees at this firm. Gross revenue of $119k is derived from 141 Individuals with an average fee of $551 and 38 Entities with an average fee of $1,110. Practice currently uses UltraTax for tax preparation as well as QuickBooks, Excel, and CFS. The clientele will transition best to an experienced EA or CPA with a strong background in tax and who is comfortable consulting with clients, in addition to preparing returns. 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

$140,000

Status

Sold

Business Type

CPA Firm

Gross Revenue

$119,835

Net + Discretionary

Tax Prep Income

$119,835

Accounting Income

Other Income

Individual Clients

121

Average Fee

$551

Entity Clients

38

Average Fee

$1,110

Revenue Breakdown

Entity Average Fee Breakdown:
2 - 1120 @ $2,500 avg fee
9 - 1120S @ $1,707 avg. fee
16 - 1065 @ $905 avg. fee
7 - 1041 @ $636 avg. fee
4 - 990 @ $725 avg. fee

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.