Practice for Sale

State: California - Northern

County: Santa Clara

City: Campbell

Status: Sold

Annual Gross:  $120,000

This CPA practice was founded in 2005 and generated $242,900 gross revenue in 2018. At this point, due to health concerns, the owner is looking to transfer approximately $120,000 of clients and revenue to an interested practitioner in the vicinity. The majority of these clients are individuals with a few corporations and partnerships as well. The average fee on transferring 1040 returns is $687 and on 1120/1120S returns it is $2,558. The seller plans to continue to provide service to the balance of the clients remotely with the goal of transferring these to the same buyer in time, assuming this sale goes well. Of course, the seller will be available to assist the buyer through the client transition as needed.

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