Practice for Sale

State: California - Northern

County: Contra Costa

City: Pleasant Hill

Status: Sold

Annual Gross:  $448,000

This CPA practice was founded 1999. The primary service to clients is tax preparation and compliance, which brings in approximately 90% of annual revenue. Most clients are individuals, many with small businesses and/or rentals. There are also some corporations, partnerships and trust returns in the mix. The balance of revenue is in quarterly accounting, 1099 preparation and tax planning consulting. There is a small amount of audit revenue and consulting revenue that will not transfer, leaving the estimate of transferable revenue at $425,000. The seller would like to stay on and work with the buyer for a period of time prior to retiring.

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