CALIFORNIA

$900,000 - CPA firm for sale in Menlo Park, CA. ref# MPK123. The Seller has been in business for 37 years and is looking forward to retirement. The Seller is willing to continue working on a limited basis for 1 tax season, or longer if needed, to help the Buyer and assist with a smooth transition. The current rental agreement on the office space expires soon and the large space is no longer needed. The office will then be moved to a shared workspace. The practice can be moved or kept in the co-working space. Retaining a space in the local community would be best for client retention. Typically, about 55% of clients will mail in, 25% will drop off, 10% will remit their documents electronically and the remaining 10% come in for an appointment. Practice generates a gross revenue of $768k from 321 Individuals with an average fee of $700, plus 152 Entities with an average fee of $1,265 (see breakdown below), and $7k in Consulting work. Practice uses Prosystems for tax preparation as well as BNA Tax Planning. The clientele will transition best to a CPA or EA that has extensive experience dealing with high-net-worth clients that have various, complex returns. The firm provides Tax Services to multiple clients, trusts and entities with a very minor amount of gift tax, estate tax and bookkeeping included in the tax service fees charged to the clients. Much more information is available on the Practice Profile, including staff info. 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