Sold

Glendale

Glendale, CA

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Overview

EA Firm for Sale in Glendale, CA. This boutique tax firm has been in business for over 30 years and the Enrolled Agent Seller is looking forward to retirement. The practice must be moved from it’s current location but clients will transition best if the firm remains, or retains an office in, the Glendale area. Gross revenue of $473k is derived from 211 Individual returns with an average fee of $882 and 187 Entities with an average fee of $1,325 in addition to some bookkeeping (See below for important information and additional breakdown). Firm uses ProSeries tax software along with QuickBooks, Open Office and IBM Notes to supplement. Approximately 1% of the clients come in for an appointment, 4% drop-off, 15% mail in and 80% use electronic delivery methods. This firm would be ideal for an experienced EA or CPA who has a strong background in tax and experience providing tax services to all types of entities. 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.

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Financial Highlights

EA Firm
Annual Revenue $473,872
Annual SDE $246,231
Individual Clients 211
Ind. Avg Fee $882
Entities 187
Entity Avg Fee $1,325

Revenue Composition

Tax Prep Income $433,872
Bookkeeping Income $40,000

Gross Revenue Breakdown

Please see Practice Profile pdf for Firm Gross Revenue Breakdown and Explanation. This is a partial sale due to Seller already transferring some clients to a former employee. The Seller is not continuing to work after the sale outside of transition assistance and for the Buyer if needed.

Entity Breakdown:
15 - 1120 @ $1,105 avg.
115 - 1120S @ $1,200 avg.
57 - 1065 @ $1,635 avg.

Practice employs two full-time admin/support staff in addition to 1 part-time CPA and 1 part-time EA.



Confidential Details

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