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Burbank Virtual CPA Practice
SOLD
Listing #: V1006
Location: California
Type: CPA TAX BOOKKEEPING
Annual Revenue: $900,000
Asking Price: $1,250,000
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Description:
• The owner is a CPA • This practice was established in 2018 • Software in use includes CCH Axcess, Caseware, Jetpack Workflow, MS Office Suite, ShareFile • Approximately 26 bookkeeping clients generating $390,359 in revenue • Approximately 83 individual tax returns with an average fee of $1,537 per return • Approximately 105 business tax returns with an average fee of $2,490 per return • Approximately $22,592 in revenue is generated from miscellaneous services • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $411,168 (Proj 2021) • Lease expires in September 2022. Although fully remote, the seller maintains a small shared office space for mail delivery and physical address.
• The owner is a CPA • This practice was established in 2018 • Software in use includes CCH Axcess, Caseware, Jetpack Workflow, MS Office Suite, ShareFile • Approximately 26 bookkeeping clients generating $390,359 in revenue • Approximately 83 individual tax returns with an average fee of $1,537 per return • Approximately 105 business tax returns with an average fee of $2,490 per return • Approximately $22,592 in revenue is generated from miscellaneous services • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $411,168 (Proj 2021) • Lease expires in September 2022. Although fully remote, the seller maintains a small shared office space for mail delivery and physical address.
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