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Encinitas Virtual CPA Practice
SOLD
Listing #: V1005
Location: California
Type: CPA TAX BOOKKEEPING PAYROLL
Annual Revenue: $1,265,500
Asking Price: $1,950,000
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Description:
• The two owners are CPAs • This practice was established in 2002 • Software in use includes Lacerte, QuickBooks Online • Approximately 53 bookkeeping clients generating $703,582 in revenue • Approximately 138 individual tax returns with an average fee of $1,282 per return • Approximately 59 business tax returns with an average fee of $1,906 per return • Approximately $35,500 in revenue is generated via payroll processing, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $1,039,328 (Proj 2021) • Lease expires in N/A. Virtual Practice.
• The two owners are CPAs • This practice was established in 2002 • Software in use includes Lacerte, QuickBooks Online • Approximately 53 bookkeeping clients generating $703,582 in revenue • Approximately 138 individual tax returns with an average fee of $1,282 per return • Approximately 59 business tax returns with an average fee of $1,906 per return • Approximately $35,500 in revenue is generated via payroll processing, etc. • Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $1,039,328 (Proj 2021) • Lease expires in N/A. Virtual Practice.
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