CALIFORNIA

This long-standing and esteemed full- service, tax preparation, CPA firm provides guidance to both small businesses and individuals. For over 25 years, this firm has specialized in tax planning, accounting and business advisory services to many high-net-worth clients. This firm has 2 owners. One owner wishes to retire while the other owner intends to work as an employee with the new buyer indefinitely. This will be an invaluable asset to the new buyer. The owners made major changes in 2023 to increase the cash flow from 24% to 35% in one year- including streamlining software and efficiencies, adding outsourcing, and refining their staff. Since 2024, this firm increased cashflow to 42%! This firm is efficient.

This firm is known for providing high-quality service, and client relationships are very strong as a result of both direct and collaborative client support. Consistent high-quality work and genuine client care have earned and retained quality clients who provide regular referrals of the same desirable, high-net worth client base. Service lines include tax prep, tax planning, business advisory services, financial planning, and accounting/bookkeeping services. There is a wide range of affluent clients including several in real estate industry. Clients and staff appreciate the casual but professional environment. Platforms and applications are robust and current. The office is 70% paperless and increasing every day with new software changes in 2023 thanks to the newly implemented client portal. Currently, no marketing is done and growth has been entirely organic.

With a sterling reputation and a comprehensive suite of services, this business is perfectly poised to become a buyer’s next success story.

Firm highlights include:
-Jan – May Cash receipts have increased by 25% in 2024 compared to Jan – May 2023
-1 owner willing to stay on indefinitely with a new buyer
-42% Cashflow to owner
-New software has reduced workflow by 2/3
-Over 4 staff in the firm, has been refined to the best performers
-Staff could become remote over time
-Approximately 54% individual clients and 46% business clients

Ideal Buyer:
This CPA firm has a strong reputation and offers a wide range of services, positioning it for continued success. The ideal buyer will have strong public accounting experience including expertise in tax and relationship management. CPA is required. They must prioritize customer service and relationship management and have experience with team management. A personable buyer will share qualities that the clients and staff have become familiar with. A relationship builder will be able to further build revenue, taking up the regular referrals that come in from the happy client base. This is an ideal opportunity for several buyer structures including 2 partners, a single owner with staff capacity, or a satellite expansion of an existing practice. Buyer should have at least 7-10 years of tax experience and will have worked with a range of complex returns.

For more information please visit:
https://poegroupadvisors.com/practice/ca2009/