CALIFORNIA

$450,000 - CPA firm for sale in Placentia, CA. ref# PLA123. This firm provides primarily tax services along with some write-up, payroll and a couple compilations. The Seller would like to continue working with the Buyer for a couple years but is looking forward to reducing their workload immediately. Current staff includes a retired CPA Partner, the CPA Seller, and two long-term administrative assistants (see “Staff” section on the practice profile). Approximately 50% of clients will mail in their documents, while 10% drop-off, and 40% prefer to come in for a face-to-face appointment. The office lease may be assumed by the Buyer and expires in December 2024. The Seller feels client retention would be best if the current suite was retained until the expiration date and then can be moved to another office in the Anaheim/Fullerton/Brea region. This practice has generated a 2023 YTD (Jan 1st-Nov 15th) gross revenue of $461k from 246 Individuals with an average fee of $1,016, 101 Entities with an average fee of $1,685, $23k in Payroll and Bookkeeping Services, $8k in Consulting Services, and another $11k in additional non-recurring miscellaneous services. Practice currently uses Lacerte for tax preparation as well as QuickBooks (Online and Desktop) and TaxTools. The clientele will transition best to an experienced CPA who has a background in income tax and accounting and is familiar with clients with rental real estate holdings. 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