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Rancho Mirage CPA Practice
SOLD
Listing #: CAS1653
Location: California
Type: CPA TAX BOOKKEEPING
Annual Revenue: $1,020,000
Asking Price: $1,350,000
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Description:
• The owner is a CPA • This practice was established in 1989 • Software in use includes Lacerte, QuickBooks, MS Office • Approximately 26 bookkeeping clients generating $122,000 in revenue • Approximately 205 individual tax returns with an average fee of $2,463 per return • Approximately 55 business tax returns with an average fee of $4,273 per return • Approximately 33 other tax returns with an average fee of $3,212 per return • $25,000 in revenue is generated via audit and review • $12,000 in revenue is generated via consulting • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $657,175 (2020) • Lease expires on October 31, 2025; lease is terminable on November 1, 2022
• The owner is a CPA • This practice was established in 1989 • Software in use includes Lacerte, QuickBooks, MS Office • Approximately 26 bookkeeping clients generating $122,000 in revenue • Approximately 205 individual tax returns with an average fee of $2,463 per return • Approximately 55 business tax returns with an average fee of $4,273 per return • Approximately 33 other tax returns with an average fee of $3,212 per return • $25,000 in revenue is generated via audit and review • $12,000 in revenue is generated via consulting • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $657,175 (2020) • Lease expires on October 31, 2025; lease is terminable on November 1, 2022
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