Los Gatos #LSG125

SOLD 1/1/2026 (Check our Listings page for our current AVAILABLE Listings) – CPA firm for sale in Los Gatos, CA. The Firm’s clientele are primarily located in the Los Gatos area, and maintaining an office nearby is important, despite most clients working with the Firm remotely. The Seller currently operates a non-accounting financial services business out of the same location and is open to sharing or renting a private office to the Buyer. Approximately 70% of clients submit their documents electronically, 1% by mail, 9% drop-off, and about 20% prefer in-person appointments (roughly 35 clients total). The Firm’s clients are primarily individuals with complex California-based tax returns. Gross revenue of $343k is generated from 171 individual tax returns with an average fee of $1,472, plus 34 entity returns with an average fee of $2,032 (see breakdown below), along with $22k from tax planning and estimate consulting. The Firm is operated by one full-time CPA who is looking to retire, supported by a seasonal part-time administrative employee (who is not likely to continue with the buyer) and remote data-entry personnel. The outsourced remote personnel can continue with the Buyer if they wish to maintain similar operations. The clientele will transition best to a CPA with a strong background in California tax, who is technologically driven and comfortable working with clients remotely. This individual should be highly responsive to clients and familiar with common tax issues for individuals living in the area. Due to current operations and competitive considerations, a Buyer who provides financial advisory services is not a good fit for this Firm. Practice currently uses Lacerte for tax preparation along with SmartVault.

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Price

$410,000

Status

Sold

Business Type

CPA Firm

Gross Revenue

$342,802

Net + Discretionary

$249,458

Tax Prep Income

$320,800

Accounting Income

-

Other Income

$22,002

Individual Clients

171

Average Fee

$1,472

Entity Clients

34

Average Fee

$2,032

Revenue Breakdown

Entity Avg. Fee Breakdown:
1120S x 11 @ $2,272 avg. fee
1065 x 6 @ $3,405 avg. fee
1041 x 14 @ $1,519 avg. fee
990 x 1 @ $1,265 avg. fee
709 x 2 @ $573 avg. fee

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.