Watsonville CPA Practice or Book of Business (Motivated Seller - Terms and Guarantees)
SOLD
Listing #: CAC1098
Location: California
Type: CPA TAX BOOKKEEPING
Annual Revenue: $365,000
Asking Price: $440,000
Presented by: |
The A Team |
Toll Free: (888)783-7822x3 |
Description:
• Seller gives the buyer the option to acquire the turn-key practice or only the book of business to be serviced within reasonable distance from current location • The owner is a CPA • This practice was established in 1994 • Software in use includes Lacerte, QuickBooks • Approximately 5 bookkeeping clients generating $29,188 in revenue • Approximately 298 individual tax returns with an average fee of $703 per return • Approximately 50 business tax returns with an average fee of $2,122 per return. • Approximately 29 other tax returns with an average fee of $586 per return. • $4,200+/- in revenue is generated via payroll, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $179,208 (Proj 2021) • Lease expires in June 2023.
• Seller gives the buyer the option to acquire the turn-key practice or only the book of business to be serviced within reasonable distance from current location • The owner is a CPA • This practice was established in 1994 • Software in use includes Lacerte, QuickBooks • Approximately 5 bookkeeping clients generating $29,188 in revenue • Approximately 298 individual tax returns with an average fee of $703 per return • Approximately 50 business tax returns with an average fee of $2,122 per return. • Approximately 29 other tax returns with an average fee of $586 per return. • $4,200+/- in revenue is generated via payroll, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $179,208 (Proj 2021) • Lease expires in June 2023.
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