Practice for Sale
State: California - Northern
County: Marin
City: San Rafael
Status: Sold
Annual Gross: $199,500
This CPA practice was founded in 1988 and generated $347,000 gross revenue in 2019. At this point, the owner is looking to semi-retire and transfer approximately $199,500 of clients and revenue to an interested practitioner in the vicinity. The majority of these clients are individuals with a few corporations, partnerships and trust clients as well. The average fee on transferring 1040 returns is $1,324 and on 1120/1120S returns it is $1,679. The seller plans to continue to provide service to the balance of the clients with the hope of transferring most of them to the same buyer in time, assuming this sale goes well. The seller will be available to assist the buyer through the client transition as needed and plans to refer any new business to the buyer.
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