Practice for Sale
State: California - Southern
Annual Gross: $210,000
This bookkeeping, accounting and tax practice was started in 2000 and has a diverse client base, including individuals, small businesses, corporations and partnerships. In 2017, the practice endured the loss of its largest client who decided to bring all of their accounting and tax work in-house. The seller reduced his staff and overhead to adjust to the new work load. The practice is now on track to do $210,000 in annual revenue, with approximately 34% coming from accounting and bookkeeping services, 50% from tax preparation and representation and the balance from consulting and payroll. The seller has been operating the practice on a semi-absentee basis so a full-time owner operator could increase the profit margin significantly. The seller wants to retire but will be available to stay on to ensure a smooth transition.
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