Sold

San Diego – North County Inland

Escondido, CA

← Back to Listings

Overview

CPA firm for Sale in North Inland San Diego County. Seller has been in business for over 30 years and is looking forward to retirement. Practice provides Bookkeeping, Payroll and Tax Services to multiple individuals and business entities in the area. Gross revenue of $344k is derived from 395 Individuals with an avg. fee of $361, 160 entities with an average fee of $1,104 plus accounting & bookkeeping clients that bring in an additional $25k of annual revenue. Firm uses Lacerte & Quickbooks. Staff is likely to remain after the sale which will assist in client retention. Seller is looking for an experienced CPA who is dedicated to providing quality work and great customer service. Most clients are prepared remotely and the firm can be operated from anywhere in San Diego County provided the Buyer continues to offer a couple drop boxes for clients in Inland North County. Much more information is available on the Practice Profile. Please complete the Buyer Profile and NDA online via the link below and the Practice Profile will be available for download immediately after submission.

Financial Highlights

CPA Firm
Annual Revenue $344,355
Annual SDE $209,126
Individual Clients 395
Ind. Avg Fee $361
Entities 160
Entity Avg Fee $1,104

Revenue Composition

Tax Prep Income $319,235
Bookkeeping Income $25,120

Gross Revenue Breakdown

Business Entities include 1120, 1120S, 1065 & 1041.

For tax year 2020 the firm prepared:
141 Schedule C’s
87 Schedule E’s
68 Schedule E pg. 2
11 Schedule F’s.

Approx. 60% of returns are completed by 4/15 with 40% going on extension (numbers may be vary due to 2020 and 2021 deadline extensions).

Confidential Details

Log in or register for buyer access to view the full financial package and detailed due diligence materials for this listing.