Practice for Sale

State: California - Northern

County: Alameda

City: Fremont area

Status: Available

Annual Gross:  $1,700,000

This CPA practice was founded in 1982. Clients are businesses and high net worth individuals, many of whom are in some technical industry. The staff currently consists of seven professionals, all but a few either CPAs or certified, and a couple administrative assistants. They handle a majority of the work which includes tax consulting, compliance and preparation (73% of revenue) and bookkeeping, compilations, and review (24% of revenue) with the balance of revenue in IRS audits and consulting services. The firm has strong average fees across tax return forms: $2,500 average 1040; $2,400 average 1120/1120S; $1,960 average 1065; $2,000 average 1041. The majority owner is planning to retire in time, but would prefer to work for the buyer for a few years and phase out, and the minority owner would prefer to keep working with the buyer, ideally in a continued ownership role.

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