Westlake Village

CPA Firm for Sale in Westlake Village. This firm has been in the same location for approximately 3 years but in the region for over 30 years and the Seller is looking to retire after a successful transition. This full practice sale includes approximately $471k in gross income which is derived from 435 Individuals with an average fee of $627 along with 83 Entities with an average fee of $1,648 (breakdown below) and $62k of Bookkeeping & other income. About 85% of clients remit their documents electronically, via mail or drop off to the office while approx. 15% still like to come in for an appointment. Retaining a location in the area will aide in client retention. The clients will transition best to a personable CPA who has a strong background in tax. Firm uses Ultra-Tax for tax preparation & Quickbooks for all bookkeeping. 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.

If you don’t have an account please complete the Buyer Profile and NDA online (It will take less than 2 minutes). Once that form is submitted your account will be created and you can download the practice profile immediately. If you’ve already completed the Buyer Profile and NDA then you can log-in to our website using your email and created password (or use the forgot password link to reset password) and download this profile.

Price

$525,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$471,566

Net + Discretionary

$179,081

Tax Prep Income

$409,518

Bookkeeping Income

$41,264

Other Income

$20,784

Individual Clients

435

Average Fee

$627

Entity Clients

83

Average Fee

$1,648

Revenue Breakdown

Entity Average Fee Breakdown:
3 - 1120 @ $1,525 avg. fee
63 - 1120S @ $1,661 avg. fee
15 - 1065 @ $1,177 avg. fee
2 - 990 @ $4,950 avg. fee

Bookkeeping & Payroll $41,264
Tax Planning & Consulting $20,784

In addition to the Seller, this firm staff consists of a full-time CPA along with a PT bookkeeper who will likely remain after the sale. There is also an PT Admin Assistant that may remain after the sale if needed and a FT Office Manager that is not likely to remain after the sale.

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.