Santa Clara #SCL125

CPA firm for sale in Santa Clara, CA. Ref# SCL125

SOLD 1/1/26 – (Check our Listings page for our current AVAILABLE Listings) – This sole practitioner Firm boasts high profit margin and high average fees. The firm has been operating in the local area for over 30 years, and the Seller is now looking forward to retirement. The Seller is open to working with the Buyer for up to 2 years after the sale, preferably on a limited or part time basis. The firm can be relocated as approximately 99% of clients remit their documents electronically with only 1 who comes into the office for an appointment. The current physical office space is available to the Buyer if they would like to keep a local presence as well. The gross revenue of $395k is derived from 18 Individual tax returns with an average fee of $2,958, plus 24 Entities with an average fee of $4,869 (see breakdown below), followed up with $71,801 from Bookkeeping/Write-up, and $152,765 from Tax Advisory/Business Management/CFO work. The firm currently employs one full-time Senior Accountant who is responsible for all the write up work, bookkeeping, FS Prep and will not be staying after the sale. The clientele will transition best to a CPA who has a strong background in Tax and is comfortable working with clients on all aspects of their business operations. The best Buyer for this firm will be someone who is hard working, diligent, responsible and has excellent follow up etiquette. This firm requires a CPA with extensive tax experience who is comfortable and experienced working with CFC’s. Practice currently uses Lacerte for tax preparation along with QuickBooks Online, Doc-it and Office 360.

Much more information is available on the Practice Profile, including a more in-depth breakdown of the staff & financials. 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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Price

$550,000

Status

Sold

Business Type

CPA Firm

Gross Revenue

$394,665

Net + Discretionary

$243,131

Tax Prep Income

$170,094

Accounting Income

$71,800

Other Income

$152,765

Individual Clients

18

Average Fee

$2,958

Entity Clients

24

Average Fee

$4,869

Revenue Breakdown

Entity Avg. Fee Breakdown:
1120 - 5 @ $6,313 avg. fee
1120 - 3 @ $4,883 avg. fee
1065 - 11 @ $5,323 avg. fee
1041 - 2 @ $2,088 avg. fee
990 - 2 @ $3,133 avg. fee
709 - 1 @ $1,641 avg. fee

Accounting Income Breakdown:
4 Monthly
1 Quarterly
7 Annual

Please see practice profile pdf for additional breakdown of clients types and fees.

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.