CALIFORNIA

ENCINO TAX PREPARATION FIRM FOR SALE
$360,000

Owner retiring due to family obligations.

Buyer should be EA or CPA or have someone with one of those designations

Established in 2013

Computer software DRAKE

Gross Income 2022: $300,000
Gross income 2021: $248,000
Gross Income 2020: $214,000

Cash Flow 2022: $180,000

700 clients, Fees based on complexity
Avg personal return with Standard Deduction $180 to $295
Avg personal return with Self Employment $395 to $500
Avg personal return with Single Member LLC $595 to $895
Avg personal return with Entity return $1000 to $2000

Just incorporated 22 more clients this year, (usually avg approx 20 new corps for existing clients every year) which should bring in approx $25,000 more revenue in 2023

This firm has been open in the same location since 2014.

Revenues have risen dramatically every year since opening. The revenues have never declined annually. It thrives in all economies and is never affected by recession.

Business can be operated from the same location, or a new location, or all remote. Business is flexible and can be operated from any state.

This business has a unique and recognizable name, therefore, the name has been trademarked. It does not rely on advertising, nor does it pay for advertising. The clients give great referrals. Having said that, this firm enjoys popular name recognition, location, flexibility and online presence.

All YELP reviews are 5 stars (over 115).

All GOOGLE reviews are 5 stars (over 60).

The website consistently gets amazing feedback.

There are always a plethora of eager new clients that want to use this firm, based on the Yelp & Google reviews and the great referrals. There is never a shortage of new clients.

Buyer can add Payroll, Bookkeeping, Sales Tax, Tax Resolution and Corporation Formation/Dissolution as extra services and revenue will blow up. These services were outsourced.

The office is located on Ventura Boulevard in Encino (although we have operated 95% remote since COVID). It is a popular, busy and reputable part of town, and new owners can add Walk In appointments as well. There is a family park across the street, it is a few blocks from Encino Commons, as well as highly rated elementary schools, day care and local businesses and eateries.
Unit is on the first floor with a friendly and accommodating landlord who charges only $975 per month. Office is about 550 sq ft and fits 5-6 office people and clients.
Lease has been open ended since 2014. Landlord will allow the lease to stay open ended and assumable or if the new owner requests it, an expiration date. Buyer may take over 2 office computer stations and a printer. There is a lobby and 2 bathrooms, cleaning crew 3 times a week, and free, monthly or metered parking is available.

Owner will help with transition according to the new owner’s needs and requests.

SERIOUS INQUIRIES ONLY