$1,300,000 - CPA firm for sale in Torrance, CA. ref # TOR125.
This long-standing and highly respected practice has been serving the South Bay area since 1996 and now the Seller would like to plan for retirement. The Seller is open to a structured transition and limited post-sale involvement for up to 1-2 years.
Roughly 35% of clients remit their documents electronically while 20% like to come in for an appointment, 20% drop off their documents, and the remaining 25% mail.
In 2024, the firm grossed approximately $1.13 Million in revenue, generating $590k net seller discretionary earnings, from a diverse mix of services including tax preparation, accounting and bookkeeping.
Revenue sources include nearly 950 Individual tax returns with an average fee of $700, approximately 296 Entity Returns averaging $881 per return, plus limited after-the-fact payroll, Accounting and Bookkeeping services generating $202,676 of revenue.
The firm operations are supported by an experienced team of 2 FT and 3 PT employees, some of who may remain on staff post-sale. Practice currently uses Lacerte for tax preparation as well as QuickBooks.
This opportunity is well-suited for a qualified CPA or EA looking to acquire a turnkey practice in the desirable South Bay region of Los Angeles County.
Much more information is available on the Practice Profile, including a more in-depth breakdown of the staff and financials. For further information please contact us using the message form below. ATB, Inc. CA DRE 02002824
