Culver City
Culver City, CA
Overview
CPA Firm for Sale in Culver City, CA. This firm is operated by the Seller with limited data entry & admin assistance. Clients are used to working remotely with the seller but keeping a local office, or utilizing the same co-working space as the seller, would be important for transition purposes. Firm gross revenue of $325k is generated from Tax & Bookkeeping services, and with low overhead this firm brings over $240k net to the seller. The practice provides professional services to multiple individuals and entities, of which about 60% are Medical Professionals with Corporations, and the client average age is in the mid 40’s. Please see below for a breakdown by revenue source. Practice uses Drake tax software along with QuickBooks. Much more information is available on the Practice Profile. Please log-in to your account for immediate access including the ability to download the Practice Profile pdf and update your distance preference.
If you don’t have an account please complete the Buyer Profile and NDA online (It will only take less than 2 minutes). Once that form is submitted your account will be created and you can download the practice profile immediately. If you’ve already completed the Buyer Profile and NDA then you can log-in to our website using your email and created password (or use the forgot password link to reset password) and download this profile.
Financial Highlights
CPA FirmRevenue Composition
Gross Revenue Breakdown
Tax Return Breakdown:
242 - 1040 @ $495 avg.
93 - 1120/1120S @ $811 avg.
17 - 1065 @ $915 avg.
4 - 1041 @ $431 avg.
Additional Revenue Sources (Gross Revenue)
Misc. Services City Tax/Consulting - $8,238/yr
Prior Year Returns - $1,775/yr
3 Payroll Services w/ 1 ee per client - $2,700/yr
4 Monthly Bookkeeping- $20,400/yr
1 Quarterly Bookkeeping - $3,300/yr
35 Annual Bookkeeping - $21,365/yr
Other Income includes clients on boarded at the end of 2021 and fees realized beginning in 2022.