|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3496||CA||San Diego||$150,000||available||New Clients Inc.|
Searching for a friendly, experienced tax professional to take over a fabulous book of business in San Diego. Recurring revenue of over $130K is comprised of desirable billing averages with approximately 90 individual clients with average fees of $692; 30 partnerships and LLCs with average fees of $1,516; 18 S Corporations with average fees of $1,712; 10 trust returns with average fees of $1,100; 4 non-profits with average fees of $1,200 (2 are simple online "postcard" filings), and typically less than $10K in billings for miscellaneous consulting/light bookkeeping.
Consistent client base since 2010. Total revenue for the each of the last 3 years has varied from $132K to $134K.
All tax clients have been prepared using Lacerte software. Many business clients use QuickBooks, some of which are forwarded for tax preparation purposes and tax adjustments at year-end.
Beautiful office is available for sublease in the Sorrento Valley area, which may be a great option for most seamlessly introducing new owner to clients. Desk, furnishings, decor and equipment are all available for purchase. No in-person appointments have been conducted since February 2019. Although we require purchaser to have a local office location, we believe most will remain all or significantly virtual using the phone, Zoom, email, secure portal, etc.
CPA owner is retiring due to outside family obligations, yet is available for transitional assistance and referral support. Partner is also planning to retire before long. In addition to being another great referral source, the potential future purchase of this second book of business would almost double revenue listed. Additional growth opportunities may include the addition of more year-round work such as bookkeeping, payroll and financial services.