Practice for Sale
State: California - Southern
County: Orange
City: North Orange County
Status: Sold
Annual Gross: $103,000
This boutique CPA practice was founded in 1997 and provides accounting, financial statement, tax and consulting services for a diverse client base. Clients come from a wide variety of industries that include construction, manufacturing, art and printing, architectural services, medical and retail. In recent years, this profitable firm has been providing services to a growing number of franchised grocery store clients. Depending on a buyer’s ideal size of practice acquisition, seller is open to retaining these franchised clients which collectively represent 40% of the total revenue in 2018. Seller is well-aware that he is entering the market far before the traditional selling season begins but he would like to at least initiate a relationship with qualified buyer prospects in the hope of closing in May or June of this year. If a buyer is in a position to close quickly after April 15th, the buyer can start up with $24,000 in audit work that begins in mid-May. Seller wants to retire but will make himself available for a smooth transition.
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