Simi Valley

Overview

EA firm for sale in Simi Valley, CA. ref# SIV123. This sole-proprietor firm was established by the Seller in 1979 and has been operating in its current location for the past 24 years. The Seller is looking forward to semi-retirement but is willing to continue working a reduced number of hours for the next year or two. The current staff includes 2 FT bookkeepers as well as an admin assistant. The admin is leaving the firm to focus on school but both bookkeepers are likely to stay after the sale. Approximately 85% of clients come in for an appointment, while 5% drop off documents, 7% mail-in, and 3% electronically submit their documents for return completion. If the office space is not retained, keeping an office in the vicinity of Simi Valley would be best for client retention. Gross revenue of $424k is generated from 550 Individuals with an average fee of $433, along with 95 Entities with an average fee of $723 (see breakdown below), plus $92k in Bookkeeping, $12k in Payroll and $13k in Consulting & miscellaneous income. The Seller also earns income from Commissions & Securities but that income, and business, is being retained by the Seller. The Seller will not consider selling to anyone who is also licensed to sell securities as this would be a conflict for both parties. Practice currently uses Lacerte for tax preparation as well as QuickBooks and TaxTools. Seller is looking for an experienced EA or CPA with a strong background in tax & accounting that is kind, honest, knowledgeable in all aspects of taxation, and able to communicate clearly with clients. 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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