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Newport Beach II

Newport Beach, CA

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Overview

$595,000 – CPA Firm for sale in Newport Beach, CA. This firm is home based in Newport Beach and has been for the past 4 years. Previous to Newport Beach the firm was located in Long Beach. This firm is best suited for a CPA or EA with an extensive background in tax. Practice is mostly online but Buyer should keep a local office for clients that want to drop off and pick up. Firm revenue of $430,000 is derived from 115 Individuals with an average fee of $1,263 and 77 Entities with an average fee of $2,351. Please see below for a breakdown of entity types. Much more information is available in 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 $431,020
Annual SDE $358,137
Asking Price $595,000
Individual Clients 115
Ind. Avg Fee $1,263
Entities 77
Entity Avg Fee $2,351

Revenue Composition

Tax Prep Income $326,273
Bookkeeping Income $97,570
Other Income $7,177

Gross Revenue Breakdown

Entity Breakdown:
4 - 1120 @ $2,450 avg.
53 - 1120S @ $2,467
15 - 1065 @ $2,089 avg.
3 - 1041 @ $2,140 avg.
1 - 990 @ $1,865 avg.
1 - 709 @ $845 avg.

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