Practice for Sale

State: California - Southern

County: Riverside

City: Palm Desert area

Status: Sold

Annual Gross:  $832,000

This CPA firm was started from scratch by the current owner in 1983. The firm provides primarily tax preparation and compliance services (68% of revenue), accounting services, and other related services to a diverse group of clients across a range of niches including individuals, retail, construction, restaurants, medical, agricultural and livestock, mining and landscaping among others. It has a great reputation and is very profitable with strong fee averages: $916 average on 1040s; $2,508 average on 1120/1120S; $1,887 average on 1065s. The seller is looking forward to retirement but will be available to insure a smooth transition.
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