accounting practice sales

Like Us on Facebook

Accounting Practices for Sale
Accounting Practices Wanted
accounting practice sales

Articles

Succession Planning for Accountants

When you hear about succession planning, what sort

How to find the right accounting practice to buy.

Finding the right accounting practice to buy has a

Over 20,000 Visitors

The Accounting Practice Exchange launched on 1 Jul

Brokers & FSBO's - 5 Reasons to advertise here

Brokers & FSBO sellers - 5 reasons you should

Financing the Acquisition of an Accounting Firm

As a business broker that specializes in the sale

A snap shot of the brokered practice market

The following Infographic shows a snap shot of the

How to pre-qualify potential buyers

Many responses to your ad will be from buyers who

Key questions to ask in selecting a broker

A good business broker is worth their weight in go

Events

CALIFORNIA
Ref Location Annual Gross $ Status Private sale/Name of broker
1410 Glendale $360,000 Available Private Sale

Selling a small, but busy CPA/Tax practice in Glendale, CA. Established in 2008. The practice is operated by a CPA and one assistant. The assistant handles most of the calls and the day to day customer service. The practice provides year-round Income Tax, Sales Tax, Payroll, City Tax, and document filing services. Most of the clients are referral based. Clients are all seen by appointment-only. The CPA will work with the new accountant to transition his clients and practice over to assure maximum client retention and satisfaction. The CPA will also sign a Non-Compete Agreement.


ABOUT OUR SERVICES


The practice provides tax and document filing services. The tax services include Income Tax, Sales Tax, Payroll, and City Tax filing. The document filing services include incorporation and other basic document filing services. The document filing services are a successful complement to the tax practice as it generates about 25% of the annual gross revenues.


SELLING PRICE AND BREAKDOWN


The CPA is motivated to sell as soon as possible and is interested in cash only offers. For this reason, he is willing to discount the price to $275,000. Estimated Breakdown of Revenues and other Figures Total annual gross revenues are about $360,000


Percentage Breakdown based on services provided:


40% Income Tax
10% Payroll
7% Sales Tax
8% City Tax
10% Misc. Services (1099 filing, audit representation, consulting, etc.)
25% Document Filing & Related Most of the Income Tax Returns are filed on the Form 1120 and 1120S.

Most of the clients are a small to mid-size businesses will less than $1 million in annual gross revenues. Income Tax returns are filed using the LaCerte tax software. Filing approximately 168 business Income Tax Returns with an average fee of $800 per return and approximately 110 individual Income Tax Returns with an average fee of $275 per return. Have 24 payroll clients and 90 sales tax clients that bring in a regular stream of revenue. The CPA charges a flat fee for almost all his services and collects almost all the service fees in advance, so you don't have to deal with billing and AR issues.


THE OFFICE, LEASE, AND PHONE SYSTEM


The office was professionally renovated 4 years ago and is in a move in condition. The CPA spent over $25K on tenant improvements. It is located on a major street and has a visible office sign. The office is about 1000SF, has 4 separate rooms plus a large waiting room. It has 5 reserved parking spaces and plenty of street parking. It has laminate floors, 8FT tall doors, high ceiling, tinted windows, air conditioning, a server room, network connection in all the rooms, new paint, and more. The office lease is only $1840/mo. The lease expires in May 2017, but the landlord should have no problem renewing the lease. The building and garage are secured. All the phones are connected through VOIP, so the phone number and the phone system can be easily transferred. TO


GET MORE INFO


The CPA is willing to share the details of his practice with qualified buyers that have proof of funds. To gain more information, please email your name, firm name, address, and phone number. He will personally call you to discuss further.

For more details please contact the advertiser about this listing:
* Your Name:
*Your Email Address:
*Confirm Email Address:
Telephone number:
Practice Name:
*Message:
 
Legal Notice:

The information supplied in this listing has been provided by the business seller or their representative. The Accounting Practice Exchange has no stake in the sale of this business and has NOT verified any of the information contained in this listing. The Accounting Practice Exchange assumes no responsibility for this listings completeness or accuracy. By submitting this form, you confirm that you agree to our Terms of Use and Privacy Policy.

*Enter the code shown:
CAPTCHA Image   
*Mandatory fields:
 
Having trouble sending a message?

Very occassionally on some older browsers users have reported difficulties seeing the captcha images. If you cannot see the captcha image which is above the 'Submit' button, then simply email your message and the reference number of the practice that is for sale and we will immediately forward it to the seller. Our email addressis admin@accountingpracticeexchange.com

Follow Us