Practice for Sale

State: California - Southern

County: San Diego

City: San Diego

Status: Sold

Annual Gross:  $709,000

This established CPA practice has been serving businesses and affluent individuals in the San Diego area since 2000. The firm enjoys strong profit margins (61%) and a diverse client base. 46% of total revenue comes from tax preparation, with average fees for 1040s and 1120s of $660 and $1,860 respectively. Over 70% of the 1040 clients send in their tax information electronically. 45% of the total revenue comes from audits and reviews with a good number of not-for-profits. Remaining revenue comes from consulting, FBARs, tax planning and tax projections. The seller is flexible and receptive to various transition approaches.

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