Sold

Sherman Oaks

Los Angeles, CA

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Overview

Sherman Oaks Partial EA Firm for Sale. Seller is looking forward to retirement and phasing out the practice over a few years. Gross revenue included in sale is $128k and derived from 31 Bookkeeping clients with an avg. fee of $2,946, plus 24 Entity tax returns, 2 Exempt Org’s and 10 Individuals. (see below for avg. fee and breakdown). The firm can be moved from its current location but should be kept in the general area, approximately 5% of clients drop off their information, 10% mail and 85% send tax data via email/upload/electronically. 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 $128,346
Annual SDE $128,346
Individual Clients 10
Ind. Avg Fee $799
Entities 24
Entity Avg Fee $1,148

Revenue Composition

Tax Prep Income $37,015
Bookkeeping Income $91,331

Gross Revenue Breakdown

10 - 1040 @ $799 avg.
24 - 1120/1120S/1065 @ $1,148 avg.
2 - 990 @ $740 avg.
31 - Bookkeeping Clients @ $2,946 avg.

Practice Profile pdf includes a list on page 3 that provides the Bookkeeping fee and Tax Return Fee per client. Bookkeeping is a mix of monthly and/or other periodic bookkeeping services along with annual fix-up or corrections to clients books.

Confidential Details

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