SOLD 1/2/26 – (Check our Listings page for our current AVAILABLE Listings) – CPA firm for sale in Torrance, CA. ref # TOR125. This long-standing and highly respected practice has been serving the South Bay community since 1996 and now the Seller would like to plan for retirement. The Seller is open to a structured transition and limited post-sale involvement for up to 1-2 years. Roughly 35% of clients remit their documents electronically while 20% like to come in for an appointment, 20% drop off their documents, and the remaining 25% mail. In 2024, the firm grossed approximately $1.13 Million in revenue, generating $590k net seller discretionary earnings, from a diverse mix of services including tax preparation, accounting and bookkeeping. Revenue sources include nearly 950 Individual tax returns with an average fee of $700, approximately 296 Entity Returns (See breakdown below) averaging $881 per return, plus limited after-the-fact payroll, Accounting and Bookkeeping services generating $202,676 of revenue. The firm operations are supported by an experienced team of 2 FT and 3 PT employees, some of who may remain on staff post-sale. Practice currently uses Lacerte for tax preparation as well as QuickBooks. This opportunity is well-suited for a qualified CPA or EA looking to acquire a turnkey practice in the desirable South Bay region of Los Angeles County.
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