Practice for Sale

State: California - Northern

County: Mendocino

City: Fort Bragg area

Status: Sold

Annual Gross:  $416,000

If you feel like you need a vacation after tax season, perhaps you should relocate to this practice where the pace of life and cost of living combine for a lovely quality of life on the charming Mendocino Coast. This is precisely why the seller moved to this location over 40 years ago. This CPA practice has been providing service to the area since 1976. It is highly profitable with strong average fees and Seller Discretionary Earnings in excess of 46% of revenue year after year. The revenue is primarily generated through tax advisory and compliance services (67%) and a handful of non-profit and privately-held company audits, compilations and reviews (22%). The staff in place processes 61% of the practice's billable hours. The seller is looking forward to retirement, but will be available to assist the buyer through transition as needed.

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