#5135 - Encino - CALIFORNIA

$895,000 - CPA firm for sale in Encino, CA Ref# ENO125. This CPA Seller has 35 years of practice experience and is ready to transition into retirement. The Seller is open to assisting the Buyer on a part-time or limited basis for up to 2–3 years post-sale, if desired, but is no longer interested in full-time firm management. The firm employs 1 FT Admin Asst and 1 FT Bookkeeper/Accountant. The office is located in Encino, but the client base is not location-dependent, and the Seller believes the firm can be moved anywhere within a 20 mile radius without significant impact to retention. The firm’s 2024 gross revenue of $731k is derived from 350 individual tax returns with an avg. fee of $1,200, 142 entities with an avg. fee of $1,325, and $123k of accounting income from monthly/quarterly bookkeeping, payroll, and one annual compilation engagement. Approximately 35% of clients remit documents electronically, 25% by mail, 25% drop off in person, and 15% schedule in-office appointments. The Seller is seeking a personable, ethical CPA who values long-term client relationships and will maintain the high standards the firm is known for. Due to one annual compilation with footnotes, a licensed CPA is required. Practice currently uses Thompson Reuters GoSystem along with QuickBooks, TaxTools, Client Write-Up, ShareFile, Edrawer and BNA. 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