Novato
Novato, CA
Overview
SOLD SEPTEMBER 2024 – CPA firm for sale in Novato, CA. ref# NVO124. This firm was established by the Seller in 1994 and built by word-of-mouth over the years. The Seller is looking to retire and relocate but is available for transition, as needed. This is a home-based firm and therefore needs to be relocated to another office in the after the sale. Most clients currently pick up/pay for their returns in person, so keeping a location in or near Novato is ideal. Typically, 25% of clients come in for an appointment, 30% drop-off, 30% mail-in and 15% submit their documents electronically. The estimated gross revenue of $172,000 is derived from approximately 129 Individual returns with an average fee of $880 and 31 Entities with an average fee of $1,902 (see breakdown below). This practice is operated by the Seller and spouse, as such, there are no additional employees. Practice currently uses ProSystem FX for tax preparation as well as Tax Tools and QuickBooks. The clientele will transition best to an organized EA or CPA with a strong background in tax. 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
CPA FirmRevenue Composition
Gross Revenue Breakdown
Entity Average Fee Breakdown:
7 - 1120 @ $2,175
10 - 1120S @ $2,450
3 - 1065 @ $2,000
10 - 1041 @ $1,075
1 - 990 @ $2,500
Asking price is discounted for a quick sale with 50%+ down at closing and the remainder after 4/15/25. Sellers are available to assist with transition but do not wish to continue working after the sale.
Home office based and must be moved. Ideally, the practice should stay in the region.
Most client interaction is by telephone, email and drop off/pick up. Approx. 30% of clients drop-off, 30% mail, 15% remit electronically and 25% come in to the office for an appointment. Most clients come to the office to pick up and pay when the return is complete.
Practice uses Prosystems FX, Tax Tools & Quickbooks