Virtual Lake Oswego CPA Practice
 Available after 4/15
Listing #: V1011
Location: Oregon
Type: CPA
Annual Revenue: $355,000
 Asking Price: $550,000
Presented by:
The A Team
Toll Free: (888)783-7822x3
Description:
This is a solid practice with 100% of clients serviced remotely.  The practice reflects strong average fees and clients are billed monthly in advance through ACH. This provides a steady and above-average cash flow.
Additionally, approximately $175,000 in advance fees will be transferred to the buyer at close for work to be performed. This is a rare opportunity that significantly boosts initial working capital. Essentially, the upfront cash outlay is $175,000 less compared to a similar practice without prepaid fees.

Additional practice details:
• The owner is a CPA
• This practice was established in 2012
• Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business:  $264,650 (2023)
• Software in use includes UltraTax CS, Planner CS, SmartVault, QB Online/Desktop, Ignition
• Approximately $13,170 in annual revenue, via bookkeeping (6 clients)
• Approximately 89 individual tax returns with an average fee of $1,055 per return
• Approximately 86 business tax returns with an average fee of $1,711 per return
• Approximately 22 dependent tax returns with an average fee of $333 per return
• Lease N/A
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