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Mid-Peninsula Bay Area Practice
SOLD
Listing #: CAN1766
Location: California
Type: CPA TAX BOOKKEEPING
Annual Revenue: $801,445
Asking Price: $1,050,000
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| The A Team |
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Description:
• The owner is a CPA
• This practice was established by seller in 1999
• Software in use includes CCH ProSystem FX; BNA; QuickBooks
Projected 2023 Revenue includes:
• Approximately $86,000 in annual revenue, via bookkeeping (18 clients)
• Approximately 108 individual tax returns with an average fee of $6,016 per return and includes tax planning
• Approximately 6 business tax returns with an average fee of $4,000 per return
• Approximately 21 fiduciary tax returns with an average fee of $2,239 per return
• Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $500,000 (Proj 2023)
• Lease expires on October 31, 2024, with a 5-year option
• Seller and staff are available for transition to the extent helpful.
• This practice was established by seller in 1999
• Software in use includes CCH ProSystem FX; BNA; QuickBooks
Projected 2023 Revenue includes:
• Approximately $86,000 in annual revenue, via bookkeeping (18 clients)
• Approximately 108 individual tax returns with an average fee of $6,016 per return and includes tax planning
• Approximately 6 business tax returns with an average fee of $4,000 per return
• Approximately 21 fiduciary tax returns with an average fee of $2,239 per return
• Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $500,000 (Proj 2023)
• Lease expires on October 31, 2024, with a 5-year option
• Seller and staff are available for transition to the extent helpful.
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