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Milpitas CPA Practice For Sale
SOLD
Listing #: CAN1528
Location:
Type:
Annual Revenue: $1,200,000
Asking Price: $1,000,000
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Description:
FINANCING AND GUARANTEES****. 80% of clients speak Chinese. This practice was established in 2000. Approximately 250 bookkeeping clients, generating $400,000 of the gross revenue. Approximately 320 individual tax returns with an average fee of $500 per return. Approximately 220 business tax returns with an average fee of $1,000 per return. Approximately 220 other tax returns with an average fee of $1,000 per return. $200,000 +/- revenue is generated via Set up of Private Foundations and Paralegal work . Annual Cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $650,000. Lease expires in July 2018.
FINANCING AND GUARANTEES****. 80% of clients speak Chinese. This practice was established in 2000. Approximately 250 bookkeeping clients, generating $400,000 of the gross revenue. Approximately 320 individual tax returns with an average fee of $500 per return. Approximately 220 business tax returns with an average fee of $1,000 per return. Approximately 220 other tax returns with an average fee of $1,000 per return. $200,000 +/- revenue is generated via Set up of Private Foundations and Paralegal work . Annual Cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $650,000. Lease expires in July 2018.
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