Practice for Sale
State: California - Southern
County: Los Angeles
City: West Los Angeles
Annual Gross: $326,000
[THE SALE OF THIS PRACTICE IS CURRENTLY ON HOLD DUE TO IMPACT OF THE CORONAVIRUS]
The sale of this CPA practice is a great opportunity to pick up a group of solid clients requiring primarily tax compliance and preparation services (84% of revenue). The average fees per tax return are strong with the 1040 average of $1,100, the 1120/1120S average of $1,300. A majority of the clients are under 60 years old and live on the west side of Los Angeles. They generally have higher incomes and many are in service industries. The seller plans to relocate to the Valley, but will be available to assist the buyer through transition as needed.
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