CALIFORNIA

$575,000 - CPA firm for sale in Laguna Hills, CA. ref# LAG124. The CPA Seller is looking forward to retirement but is willing to stay for transition, as needed, for up to 1-year. The Seller employs 1 full-time, year-round CPA and 1 part-time Office Manager who moves to full-time during the tax season. Also involved is a part-time Partner Emeritus that helps during tax season as needed. Only the full-time CPA is likely to stay after the sale. Approximately 31% of clients will come in for an appointment, 11% will drop off, 50% mail-in while the remaining 8% will remit their documents electronically. The current office space has a lease expiration of 9/1/24 and will not be available after that time. Keeping a location within 10 miles of Laguna Hills for clients to travel is ideal for client retention. In 2023, the practice generated a gross revenue of $475k from 525 Individuals with an average fee of $490 and 135 Entities with an average fee of $503, with $65k in bookkeeping and payroll services, $11k in Compilation services (not including bookkeeping), and $75k in additional services provided including tax planning and quarterly returns. Practice currently uses UltraTax for tax preparation as well as QuickBooks, Practice CS, Planner CS and TValue. The clientele will transition best to a CPA with a strong and experienced background in tax and accounting, knowledgeable in all aspects of taxation, able to communicate clearly, be friendly and show competence with clients. 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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