North San Diego County
State: California - Southern
County: San Diego
City: North San Diego County
Annual Gross: $300,000
This established tax practice has been serving small businesses and affluent individuals in North County San Diego (including Del Mar, Solana Beach and Carlsbad) for over 25 years. Netting $165,700 in discretionary earnings (59% profit margin) in 2020. YTD revenue for 2021 is approximately $300,000 as of October 31st. Average fees for 1040s of approximately $860. Seller is retiring but intends to be available to ensure a smooth transition.
To assist buyers, we work with a number of cash flow lenders that have specialized SBA and conventional loan programs designed for tax and accounting practice purchases. These programs require 0 to 10% down, offer generous terms and may not require collateral. These banks typically offer 10 year amortization, which means you could increase your annual revenue by $300,000 for approximately $40,000 in annual debt service.
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