Practice for Sale

State: California - Northern

County: Solano

City: Solano County

Status: Sold

Annual Gross:  $897,000

This CPA practice presents a great opportunity to take over a turnkey operation with quality staff, great billing rates, and strong profitability. It is generally business-to-business with clients who are mostly small business owners, both active and retired, and who value a close, interactive advisory relationship with their CPA. 59% of the revenue is from tax compliance and preparation with average fees by tax return form of $2,100 for 1040's, $4,400 for 1120/1120S's and $3,100 for 1065's. 28% of the revenue is in write-up, client accounting services and a handful of compilations. With the balance of revenue in business development consulting, litigation support, and planning services. The staff is comprised of several accountants and a few administrative assistance. The majority owner plans to move out of state, but will support the buyer through a reasonable transition.

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