|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|4289||CA||Folsom||$2,028,605||available||Accounting & Tax Brokerage|
$1,950,000 - CPA firm for sale in Folsom, CA. This firm was originally established in 2011 and has been in the current Folsom office for the past 11 years. The Seller is looking forward to retirement but will provide transition assistance after the sale. Seller is also willing to continue working after the sale as well, in a reduced capacity, and as needed by the Buyer. Most clients will remit their documents by mail, electronically or drop off, however approximately 30% like to come in for an appointment. Gross revenue of $2,000,000 is derived from approximately 800 Individual returns with an average fee of $900 along with 397 Entities with an average fee of $2,615, plus $115k in CFO/Controller Service, $148k in CPA Audit and Review services and roughly $7,500 in payroll services. The current office lease expires in April 2023 and the space can likely be retained by the Buyer, or the firm can be moved to another office. Retaining a space in the local area will be beneficial to maximize client retention. Firm uses Lacerte along with OfficeTools, SurePrep & SmartVault. The Seller is looking for a CPA with a strong tax planning background and knowledge of contractor accounting is a plus. 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.
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