SOLD
Belmont CPA Practice
Listing #
CAN1740
Location
California
Annual Revenue
$885,000
Asking Price
$950,000
Type
CPA TAX BOOKKEEPING
Presented by:
The A Team
Toll Free: (888)783-7822x3
Description:
• The owner is a CPA • This practice was established in 1964 • Software in use includes CCH Axcess Tax, CCH Prosystems Scan, CCH PDFlyer, Quickbooks Accountant, Intersoft write-up, Thomson Reuters Checkpoint, TPS Practice Management for Time & Billing, Adobe Acrobat Professional, Microsoft Suite, Time Drop time clock • Approximately 4 bookkeeping clients generating $27,000 in revenue • Approximately 290 individual tax returns with an average fee of $1,279 per return • Approximately 138 business tax returns with an average fee of $1,745 per return • Approximately 4 other tax returns with an average fee of $2,166 per return • +/- $156,300 in revenue via consulting, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $307,880 (2021) • Lease expires in N/A. Month-to-month
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