#5134 - Torrance - CALIFORNIA

$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. Please check our website for the current listing's status. 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