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Woodland Hills

Los Angeles, CA

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Overview

CPA firm for sale in Woodland Hills, CA. Firm revenue of $495k includes approximately 283 Individual tax clients with an average fee of $512 and 102 Entity tax clients with an average fee of $1,540 along with $175k in Accounting/Bookkeeping Clients and $19k in Consulting. Gross revenue breakdown is roughly 61% Income Tax Preparation and 39% Bookkeeping & Consulting. Currently 90% of clients will remit documents via email/mail/upload while about 10% want to schedule an in-person appointment. Firm uses CCH ProSystem FX and practice can be moved out of Woodland Hills to another office in the Valley. 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 $494,870
Annual SDE $304,635
Asking Price $570,000
Individual Clients 283
Ind. Avg Fee $512
Entities 102
Entity Avg Fee $1,540

Revenue Composition

Tax Prep Income $302,120
Bookkeeping Income $173,750
Other Income $19,000

Gross Revenue Breakdown

Entity Breakdown:
6 - 1120 @ $1,133 avg. fee
32 - 1120S @ $1,831 avg. fee
37 - 1065 @ $1,878 avg. fee
22 - 1041 @ $666 avg. fee
2 - 706 @ $2,300 avg. fee
3 - 709 @ $1,000 avg. fee

Accounting Breakdown:
26 Monthly Accounting @ $465 avg. fee per client per month
10 Quarterly Accounting @ $558 avg. fee per client per month

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