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Virtual Lake Oswego CPA Practice
Available
Listing #: V1011
Location: Oregon
Type: CPA
Annual Revenue: $470,730
Asking Price: $740,000
| Presented by: |
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| The A Team |
| Toll Free: (888)783-7822x3 |
Description:
This is a solid practice with 100% of clients serviced remotely. The practice reflects strong average fees and clients are billed monthly in advance through ACH. This provides a steady and above-average cash flow.
Additionally, approximately $175,000 in advance fees will be transferred to the buyer at close for work to be performed. This is a rare opportunity that significantly boosts initial working capital. Essentially, the upfront cash outlay is $175,000 less compared to a similar practice without prepaid fees.
Additional practice details:
• The owner is a CPA
• This practice was established in 2012
• Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $370,210 (2023)
• Software in use includes UltraTax CS, Planner CS, SmartVault, QB Online/Desktop, Ignition
• Approximately $18,120 in annual revenue, via bookkeeping (7 clients)
• Approximately 90 individual tax returns with an average fee of $1,190 per return
• Approximately 88 business tax returns with an average fee of $1,790 per return
• Approximately 19 dependent tax returns with an average fee of $320 per return
Additionally, approximately $175,000 in advance fees will be transferred to the buyer at close for work to be performed. This is a rare opportunity that significantly boosts initial working capital. Essentially, the upfront cash outlay is $175,000 less compared to a similar practice without prepaid fees.
Additional practice details:
• The owner is a CPA
• This practice was established in 2012
• Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $370,210 (2023)
• Software in use includes UltraTax CS, Planner CS, SmartVault, QB Online/Desktop, Ignition
• Approximately $18,120 in annual revenue, via bookkeeping (7 clients)
• Approximately 90 individual tax returns with an average fee of $1,190 per return
• Approximately 88 business tax returns with an average fee of $1,790 per return
• Approximately 19 dependent tax returns with an average fee of $320 per return
• Approximately $8,400 in annual revenue, via other (6 returns)
• Lease N/A
• Lease N/A
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