|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4270||CA||Bishop||$500,202||available||Accounting & Tax Brokerage|
$500,000 - CPA firm for sale in Bishop, CA. This single CPA firm was established by the Seller in 1984 and has been operating in the same location for the past 36 years. The Seller is looking forward to retirement after a successful transition and potentially some part time work. All current employees will likely remain after the sale and should be considered by the Buyer to maximize client retention. The practice has grown through client referrals, advertising, and small practice acquisitions. 33% of clients come in for an appointment while the other 67% drop-off, mail-in or electronically upload their documents for return completion. The firm provides tax preparation, tax planning, bookkeeping and payroll to multiple individuals and small businesses. The practice can be moved from its current location, but keeping a local presence within the same city, or the immediate region, is best for client retention. Practice generates a gross revenue of $500k from 368 Individuals with an average of $413, plus 93 Entities with an average of $875, and $175k from payroll and bookkeeping services followed up with $92k in consulting, tax planning, review and other miscellaneous accounting services. Practice currently uses Lacerte for tax preparation, ProPay and Paysoft for payroll services and both online and desktop QuickBooks for accounting. The clientele will transition best to a CPA or EA with a background in tax and accounting who is familiar with payroll processing and can provide an all-encompassing service to local small businesses. Much more information is available on the Practice Profile. Please complete the Buyer Profile and NDA on our website at atbcal.com/buyerprofile and the Practice Profile will be available for download immediately after submission. ATB, Inc. CA DRE 02002824.