Concord #CON125

SOLD (Check our Listings page for our current AVAILABLE Listings) – CPA firm for sale in Concord, CA. ref # CON125. This firm was established by the Seller in 1992 and has been operating in its current location ever since. The firm can be relocated after the lase expires in 2026 but should remain in the surrounding East Bay community, ideally between San Ramon, Lafayette and Concord. The Seller is looking forward to retirement but is available to assist the buyer until April 2027, on a limited or part time basis. Approximately 20% of clients come in for an appointment, 20% drop-off, 20% mail-in and 40% submit their documents electronically. The gross revenue of $441,000 is derived from 160 Individual returns with an average fee of $1,025, plus 69 Entities with an average fee of $1,544 (see breakdown below), $110k from Bookkeeping/Accounting revenue, $1k of Payroll, and $59k of Consulting/Financial Statements/Tax Planning revenue. There is 1 part-time CPA employee who will likely remain on staff after the sale. Practice currently uses ProSeries for tax preparation as well as QuickBooks & QBO. The clientele will transition best to a CPA with a tax background, who exhibits great people and technical skills. It is important to the Seller that the individual is organized, able to network, and possesses philanthropic values.

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Price

$535,000

Status

Sold

Business Type

CPA Firm

Gross Revenue

$440,910

Net + Discretionary

$240,322

Tax Prep Income

$270,500

Accounting Income

$111,000

Other Income

$59,410

Individual Clients

160

Average Fee

$1,025

Entity Clients

69

Average Fee

$1,543

Revenue Breakdown

Entity Average Fee Breakdown:
1120 - 6 @ $1,500 avg. fee
1120S - 22 @ $2,700 avg. fee
1065 - 8 @ $1,400 avg. fee
1041 - 11 @ $1,400 avg. fee
990 - 22 @ $450 avg. fee

Accounting:
3 Annual Accounting/Bookkeeping Clients
1 Annual Compilation with full disclosure
1 After-the-fact payroll

Please complete the Buyer Profile and NDA to instantly receive additional information. Once the webform has been submitted you will be redirected to webpage where you can download the Practice Profile pdf for any practice(s) you are interested in. If you previously submitted a buyer profile and NDA with us you can resubmit to be added to our new download system, or contact us for the Practice Profile. You can come back anytime to log in with your username and password and download additional practice listings. Please contact us at (855) 428-2225 or via email at steve@atbcal.com.