Sold

San Diego (Mission Valley)

San Diego, CA

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Overview

San Diego CPA firm for sale. Firm is located just east of Mission Valley and can be relocated or current office space can be leased to the Buyer. This prime solo practitioner firm has been in existence and in the same area for over 30 years. The Seller is looking forward to retirement but will remain for 1–2 years after the sale to assist the Buyer. This firm is a great opportunity for an experienced CPA who has a strong background providing income tax and bookkeeping services to a wide variety of clients. Firm uses Lacerte, Drake, Quickbooks & CFS.

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Financial Highlights

CPA Firm
Annual Revenue $295,880
Annual SDE $165,635
Individual Clients 398
Ind. Avg Fee $364
Entities 107
Entity Avg Fee $885

Revenue Composition

Tax Prep Income $239,620
Bookkeeping Income $38,340
Other Income $17,920

Gross Revenue Breakdown

Entity Breakdown:
398 - 1040 - $364 avg. fee
9 - 1120 @ $900 avg. fee
35 - 1120S @ $1,075 avg. fee
25 - 1065 @ $1,307 avg. fee
31 - 1041 @ 395 avg. fee
7 - 990 @ 580 avg. fee

Bookkeeping (all billed hourly):
1 Yearly - total $2,000
12 Monthly - total $32,365
4 Quarterly - total $3,180
Misc. Bookkeeping tasks - total $795

Other Services:
Consulting - total $10,720
Trust Accounting - total $7,200

Confidential Details

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