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Palm Springs CPA Practice
SOLD
Listing #: CAS1657
Location: California
Type: CPA TAX
Annual Revenue: $577,300
Asking Price: $750,000
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| The A Team |
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Description:
• The two owners are CPAs • This practice was established in 2000 • Software in use includes Lacerte, QuickBooks, Office Tools Pro, MS Office • Approximately 16 bookkeeping clients generating $304,800 in revenue • Approximately181 individual tax returns with an average fee of $780 per return • Approximately 34 business tax returns with an average fee of $3,704 per return • Approximately 8 other tax returns with an average fee of $689 per return • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $264,703 (2020) • Lease expires on August 31, 2021, with a 3-year option, extended until 8/31/2021
• The two owners are CPAs • This practice was established in 2000 • Software in use includes Lacerte, QuickBooks, Office Tools Pro, MS Office • Approximately 16 bookkeeping clients generating $304,800 in revenue • Approximately181 individual tax returns with an average fee of $780 per return • Approximately 34 business tax returns with an average fee of $3,704 per return • Approximately 8 other tax returns with an average fee of $689 per return • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $264,703 (2020) • Lease expires on August 31, 2021, with a 3-year option, extended until 8/31/2021
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