Los Angeles – Wilshire #LOS226

Established CPA firm for sale in Los Angeles, California. This firm was founded in 1985 and has operated from its current location for nearly 17 years. The Seller is seeking eventual retirement but would like to continue working with the Buyer on a part time basis for the next two to three years. The firm is fully staffed, and are expected to remain post transaction. The Seller, staff, and clientele can easily relocate to the Buyer’s office, or there is office space available to rent in the current office building. Maintaining a presence in the Los Angeles region of Wilshire Blvd. is recommended to support client and staff retention. The client base needs a CPA Buyer who brings strong operational and management experience in addition to extensive accounting and tax expertise. This is a full-service CPA firm providing high quality professional services that allow business clients to focus on revenue generation. 2025 gross revenue was $2,603,940 with a Seller discretionary net profit of $961,658. Revenue is generated from approximately 230 individual tax returns with an average fee of $2,921 and approximately 681 business entity returns averaging $2,372 per return (see breakdown below). Additional revenue includes approximately $51,000 from reviewed financial statements, $121,000 from eight write-up clients, and $34,000 from consulting and planning services. Over 99% of clients submit information electronically via secure portal, with very few in person meetings. The Seller believes the best Buyer fit is an experienced CPA or CPA firm with a well-established tax department who can support existing staff and maintain service quality for clients. A CPA Buyer who will be present in the local office, or who will have a local CPA tax manager present to oversee staff is considered critical. The practice currently uses UltraTax along with other Thomson Reuters accounting, document management, and practice management solutions.

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Price

$2,895,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$2,603,940

Net + Discretionary

$1,041,658

Tax Prep Income

$2,287,875

Accounting Income

$207,123

Other Income

NEW LISTING!

Individual Clients

230

Average Fee

$2,921

Entity Clients

681

Average Fee

$2,372

Revenue Breakdown

Entity Avg. Fee Breakdown:
1120 x 9 @ $2,647 avg. fee
1120S x 141 @ $3,798 avg. fee
1065 x 455 @ $2,117 avg. fee
1041 x 72 @ $1,232 avg. fee
990 x 1 @ $600 avg. fee
709 x 3 @ $1,100 avg. fee

Accounting Income:
Reviewed Financial Statements = $51,715
Write-up x 8 = $121,057
Consulting, 1099's, Tax Audits = $34,351

Breakdown above is based on 2024 Gross Revenue of $2,494,998. 2025 Breakdown not available yet but 2025 gross income = $2,603,940.

Please complete the Buyer Profile and NDA to instantly receive additional information. Once the webform has been submitted you will be redirected to webpage where you can download the Practice Profile pdf for any practice(s) you are interested in. If you previously submitted a buyer profile and NDA with us you can resubmit to be added to our new download system, or contact us for the Practice Profile. You can come back anytime to log in with your username and password and download additional practice listings. Please contact us at (855) 428-2225 or via email at steve@atbcal.com.