CPA PRACTICE #118813 EAST BAY
$1,882,865 GROSS. Taxes 62% ($1,251 AVG), Financial Accounting 36% ($24,024 AVG) and consulting 4%. Well established firm (31 years). Seller will transition out over the next 3 -5 years. Extremely high net of 57%. CCH User. Terms and Guarantee to a qualified Buyer.
CPA PRACTICE TAX & FINANCIAL ACCOUNTING #132514 LOS GATOS
$325,000 GROSS. Taxes 95% ($544 AVG), Financial Accounting 3% ($1,840 AVG) and 2% consulting. Well established Practice (26 years). Practice is very profitable with a net of 86%. Practice can be relocated to the Buyer's office from Los Gatos to San Mateo or can stay at existing office. Seller's motivation is retirement and is ready to strike a deal. Seller is available to work part-time through the next tax season. Equipment optional. Terms and guarantee to a qualified Buyer.
EA TAX & BOOKKEEPING PRACTICE #130514 SANTA CRUZ
$305,000 GROSS. Taxes 56% ($285 AVG) and Bookkeeping 44% ($3,355 AVG) Practice is well established with a diverse client base. CCH Prosystem fx User. 60% of tax clients either mail, email, drop-off or fax their information. Seller is available to work part time through the next tax season. Terms and guarantee to a qualified buyer.
EA PRACTICE #127313 OAKLAND
$273,000 GROSS. Bookkeeping and Payroll 73% ($1,833 avg.) and Tax 27% ($277 avg.) TaxAct, QB and AME payroll user. Established 7 years. Seller is pursuing other business interests. Will help with transition. Terms and Guarantee.
CPA PRACTICE #135014 CENTRAL MARIN
$235,017 GROSS Tax 75% ($742 AVG), Writeup 4% ($2,319 AVG) and other 21% ($2,461 AVG). Well established firm (25 years). Seller is retaining a niche portion of the firm already removed from the gross. Seller is a Lacerte user. Seller is willing to help with the transition. Practice can be relocated to Buyer’s location within reason. Equipment is optional. Terms and a guarantee to a qualified buyer. CONTRACT PENDING
EA PRACTICE #116213 NORTH BERKELEY
$184,000 GROSS. Taxes 95% ($469 AVG); Bkkpg 5% ($714 AVG). Terms and guarantee. CONTRACT PENDING
CPA PRACTICE #116014 NOB HILL AREA OF SAN FRANCISCO
$160,000 GROSS. Taxes 88% ($1,150 avg); Accounting 2% ($3,000avg); Corp minutes, consulting, tax planning 10%. Current owner 27 yrs. 82% NET. Practice near Union Square. Office available or practice can be relocated within reason. Equipment optional. Terms and Guarantee. CONTRACT PENDING
EA PRACTICE #108713 SAN MATEO/SAN CARLOS/REDWOOD CITY
$157,000 GROSS. Taxes 100% ($633 AVG) Well established Practice (40 years). Practice is very profitable with a net of 68%. Practice can be purchased as an $87,000 block of clients in San Mateo/San Carlos/Redwood City or include all out of area mail-in clients. Excellent location on a well traveled street with good signage. Seller's motivation is retirement and is ready to strike a deal ASAP. Terms and guarantee to a qualified Buyer. OFFER PENDING
CPA PRACTICE #114313 CONTRA COSTA COUNTY
$126,908 GROSS. Taxes 71% ($491 AVG), Bookkeeping 25% ($2,233 AVG) and Payroll 5% ($576 AVG). Firm established 27 years. Lease is Mo-Mo.. Practice can be relocated within reason to Buyer's office. Seller willing to work part time through next tax season. Terms and guarantee.
CPA PRACTICE #116514 SANTA ROSA
$133,102 GROSS. Tax 88% (AVG $432); Bookkeeping 6% (AVG $3,925); Other 6%. Seller is relocating out of state and practice can be relocated. SOLD
CPA PRACTICE #108314 MARIN COUNTY
$101,440 GROSS. Tax 58% (AVG $1,545); Financial Accounting 42% (AVG $9,454). Practice is well established with a diverse client base. 84% Net. Seller is a Lacerte user. Seller is retiring and is highly motivated to close the sale. Practice is located in seller’s home and must be relocated to Buyer’s location within reason. Seller is offering terms and a guarantee to a qualified Buyer. No furniture and equipment included in the sale.
EA PRACTICE #108914 FREMONT
$89,665 GROSS. Tax 100% ($251 AVG). Practice established 38 Years. Practice has been operated out of the home. Seller may allow Buyer to operate practice out of his home office in Mission San Jose area through 4/15/14. Seller willing to work part time during tax season. Practice should be relocated within a reasonable distance from seller's home now or after April 15th. Seller may be able to work part-time during tax season. Lacerte user. Terms and guarantee. OFFER PENDING
TAX PRACTICE #108214 CENTRAL MARIN
$89,000 GROSS. Taxes 92% ($343 AVG) and Bookkeeping 8% ($1750AVG). Firm established 24 years. Lease is Mo-Mo.. Practice can be relocated within reason to Buyer's office. Seller would like to work part time next tax season if health permits.. Terms and guarantee.
EA PRACTICE #108414 NORTHERN ALAMEDA COUNTY / WEST CONTRA COSTA COUNTY
$83,800 GROSS. 100% Tax ($386 AVG). UltraTax user. Seller would be available to work part time for the Buyer during the next tax season. Practice established 10 years. Furniture optional. Terms and guarantee to a qualified Buyer.
CPA PRACTICE #105913 SISKIYOU COUNTY
$59,605 GROSS. Taxes 98% ($257 avg); Accounting 2% ($648 avg). Terms and Guarantee. CONTRACT PENDING.
EA PRACTICE #105014 SAN FRANCISCO COW HOLLOW AREA
$50,000 GROSS. 100% Tax ($500 AVG) Seller is selling off the personal tax portion of the business. Well established firm, 25 years. Lacerte user. No Furniture or lease. Terms and a guarantee to a qualified buyer.
Listings as of July 15, 2014
CPA PRACTICE #256914 N.E ORANGE COUNTY
$629,617 GROSS last 12 months. Taxes 96% ($566 Avg); Accounting 3%; Misc/Tax planning 3%. Established 28 years (current location 17 years). Lacerte user. Tax season hours 9-6 M-F plus 9-5 on Saturday. Month to month rental, seller would consider a move to buyer's location but prefers buyer taking over seller's location for first tax season for maximum retention. Billing rate $350/hr. Eighty percent of clients fill out organizer. Avg client income $98K, age 60. Ninety percent of clients pay upon delivery of tax return. Most clients are Business Owner, Professionals, Individuals, R.E. property owners. Nets 65%. Terms & Guarantee. (3 OFFERS). SOLD
CPA PRACTICE #261714 S. LOS ANGELES INDUSTRIAL AREA
$617,312 GROSS. Partnership (40% Ptnr wants out asap, 60% Ptnr. wants to stay up to 5 years if possible). Taxes 62% ($674 avg); Accounting 9% ($3,525/yr avg); Other (MAS, Executor/Trustee, Misc. ($14,621 avg). Low, low rent = 7.6% of gross. Lease expires 10/1/17, 3,000 sq.ft. Lacerte, MAS 90, Quicken user. Most clients pay within 30 days. High net. Terms & Guarantee.
CPA PRACTICE #246314 SAN LUIS OBISPO COUNTY
$463,520 GROSS. Taxes 77% ($583 avg), Write-up 6% ($2,364/yr avg), P/R, Tax Planning 17%. Established 25 yrs. Lacerte user. Billing rate $225/hr. Passed Peer Review 2012. Terms & Guarantee.
EA PRACTICE #241013 SAN FERNANDO VALLEY
$410,000 GROSS. Taxes 75%; Bookkeeping 19%; MISC (IRS audits, incorporations, MAS/Consulting) 4%. Well established, at present location 21 years. Staff most of the work. Most of the income tax & bookkeeping data received by fax, email and US mail. Terms & Guarantee. (4 OFFERS) .
EA PRACTICE TAX & FINANCIAL SERVICES #236614 SANTA BARBARA
$366,637 GROSS. Taxes 87% ($383 avg); Bookkeeping 1% ($1,400 avg); Financial Services 13%. Established 26 yrs. Lacerte user. Collections: 50% at interview; 45% at pickup. Avg age of clients = 50, avg AGI = $80K. Great location. Seller available for part-time help during tax time. Terms & Guarantee.
CPA PRACTICE #227514 BAKERSFIELD
$294,375 GROSS. Taxes 35% ($1,335 Avg.); Accounting 49% ($8,052/yr. Avg.); Certified Audits 15% ($15,100 Avg.). Seller actually does $400K plus but wants to spin off about 75% of business. Seller is flexible: Option for buyer to purchase audit clients (or seller can retain). At least one other large client is also optional and can be added to the sale ($55K) if buyer desires. Tax season hours: 9-5 weekdays, 9-3 weekends. Seller available during transition to ensure high level of retention. Lease expires 8/31/14. Very steady year around cash flow. Seller's goal is to reduce work load and stress. Terms & Guarantee.
CPA PRACTICE #228214 SAN GABRIEL VALLEY
$269,948 GROSS. Taxes 62% ($612 avg), Accounting 34% ($3,582/yr avg), Consulting, IRS audit, P/R 4%. Established 23 years. Steady annual income. Seller’s hours off season 9-5, tax season 9-5 plus Sat 9-3. Seller has not advertised or promoted for several years. Office building owned by Seller on busy San Gabriel main traffic street. Reasonable rent with 3-5 year lease, option to purchase building, or practice may be relocated within a reasonable distance. Ultra Tax user nets 55% overall. Terms & Guarantee.
EA PRACTICE #222614 PALM SPRINGS AREA
$226,600 GROSS. Taxes 94%; Bookkeeping 2% (1 Qtr, 5 Annual); IRS Audit/Consulting 4%. Established 34 yrs. Steady income annually. Seller works practice 8 months/yr. Seller has not advertised or promoted for years (has other non-related businesses). Re-decorated offices on high traffic main street. Reasonable rent with 5 yr. lease or practice may be relocated within a reasonable distance. Lacerte user. Nets 57%. Seller shuns bookkeeping - buyer could develop this and other services.
CPA PRACTICE #220014 SOUTH ORANGE COUNTY
$215,000 GROSS. Taxes 82% ($569 Avg); Write-up/Compilations/Reviews 13% ($1,667 Avg); Other-Litigation Support, Trustee Services (5%). Practice is well-established with diverse client base. Most clients are Business Owners, Professionals, High Net Worth Individuals and Real Estate property owners (rentals). Practice can be relocated to Orange County or L.A. County. Seller available to help with transition part-time for next 2 tax seasons to ensure maximum retention. Lacerte user. Terms & Guarantee. (3 OFFERS)
TAX PRACTICE #212513 HEMET AREA, RIVERSIDE COUNTY
$125,000 GROSS. Taxes 100% ($285 avg). Health forces sale. Buyer has option of leasing premises or moving practice to his/her premises. Clients mostly professional. Terms and Guarantee.
EA / NOTARY PRACTICE #212014 IMPERIAL VALLEY
$120,157 GROSS. Taxes 72% ($187 avg); Bookkeeping 26% ($1,100/yr avg); Notary, P/R, Consulting 8%. Established 18 yrs. Drake & Creative Solutions user. Clients: avg age = 50, avg agi $65K. R.E. available or rent. Terms & Guarantee.
CPA PRACTICE #207014 TORRANCE
$75,000 GROSS. Taxes 57% ($271 avg); Accounting 24% (1 Mo. Client, $18,000/Yr. avg). Seller works from home office, so practice to be relocated within reasonable distance. Seller ready to retire and is highly motivated. Terms & Guarantee. (3 OFFERS). CONTRACT PENDING
CPA PRACTICE #203814 BREA/PLACENTIA AREA
$38,659 GROSS. Taxes 100% ($544 avg). Practice to be relocated. Terms & Guarantee. (3 OFFERS). SOLD
BBI HAS SOLD MOST OF OUR LISTINGS. THIS MARKET IS HOT WITH MULTIPLE
OFFERS ON MOST PRACTICES. MOST RESULT IN HIGHER BIDS AND SALE PRICES. ALL PRACTICES HAVE LIMITED GUARANTEE PROVISIONS.
PLEASE CALL TO DISCUSS YOUR PLANS, SITUATION, TIMING.
BUSINESS BROKERAGE, INC. SPECIALIZES IN SALES, MERGERS AND ACQUISITIONS OF:
- CALIFORNIA TAX PRACTICES
- CALIFORNIA E.A. PRACTICES
- CALIFORNIA BOOKKEEPING PRACTICES
- CALIFORNIA ACCOUNTING PRACTICES