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.
CPA PRACTICE #139014 MARIN COUNTY
$390,000 GROSS. Taxes 96% ($679 AVG), Tax Planning 4%. Excellent terms and guarantee. SOLD.
EA TAX PRACTICE #136514 SAN MATEO COUNTY
$365,000 GROSS. Taxes 100% ($581 AVG). Terms and guarantee. SOLD
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 is available to work part-time through the next tax season. Equipment optional. Terms & guarantee.
CPA PRACTICE #131714 CONTRA COSTA COUNTY
$317,000 GROSS. Audit 100% ($31,700 AVG), Well established firm (33 years). Seller will transition out over the next year. 70% audits already contracted for next year. Very high net of 76%. Practice must be relocated. Terms and Guarantee.
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.
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 #125814 GRASS VALLEY
$258,441 GROSS. Taxes 90% ($1,294 AVG) and Consulting 10%. Practice is well established (21 years) with a diverse client base. UltraTax User. Practice is extremely profitable 78%. Equipment is optional. 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). Terms and guarantee. SOLD.
EA PRACTICE #131114 MARIN COUNTY
$203,126 GROSS. Taxes 100% ($954 avg). Lacerte user. Clients mostly business owners and professionals. Seller available for transitional assistance. Terms & Guarantee.
CPA PRACTICE #116014 NOB HILL AREA OF SAN FRANCISCO
$160,000 GROSS. Taxes 88% ($1,150 avg); Accounting 2% ($3,000avg); Misc/Planning 10%. Terms and Guarantee. SOLD.
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%. Option to purchase 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. OFFER PENDING
EA PRACTICE TAX & BOOKKEEPING #113314 MARIN COUNTY
$133,000 GROSS. Taxes 56% ($532 AVG; Bookkeeping 32% ($2867 AVG); and other 12%. Well established Practice (25 years). Practice is very profitable with a net of 83%. Excellent location on a well traveled street. Pro-series User. Great cash flow. All clients pay when picking up returns. Seller's motivation is retirement and is ready to strike a deal ASAP. Terms and guarantee.
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.
EA TAX PRACTICE #110714 PACIFIC HEIGHTS, SAN FRANCISCO
$107,290 GROSS. Taxes 100% ($650 AVG). Practice is well established (39 years) with a diverse client base. Very high net of 84%. Excellent rent, but can be relocated within reason. Terms and guarantee to a qualified Buyer.
EA PRACTICE #110614 PLACER COUNTY I80 CORRIDOR
$106,300 GROSS. Taxes 90% ($400 AVG) and Bookkeeping and Payroll (10%). Practice is well established (25 years) with a diverse client base. UltraTax User. Excellent rent, but can be relocated within reason. Seller would like to work part-time during the next tax season. Terms and guarantee to a qualified Buyer.
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.
EA PRACTICE #108914 FREMONT
$89,665 GROSS. 38 year practice, operated out of the home. Seller may allow Buyer to operate practice out of his home office in Mission Seller may be able to work part-time during tax season. 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.
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.
CPA PRACTICE #1054514 CALAVERAS COUNTY
$45,900 GROSS. Taxes 57% ($253 AVG), Bookkeeping 34% ($1,580 AVG) and Payroll 8% ($345 AVG). Firm established 12 years. Practice is located in Seller's home and will need to be relocated. Drake User. Seller willing to work part time through next tax season. Terms and guarantee.
Listings as of August 29, 2014
CPA PRACTICE #277314 WEST L.A. (SANTA MONICA)
$773,815 GROSS. Taxes 100% ($946 Avg) Note: There is some bookkeeping embedded in the tax fees. Estab. 35Yrs. Billing rate $300-$350/hr. Managing partner will stay on for transition and prefers longer (part-time as needed). Ptnrs do most of the work: buyer with staff will have a very high net. Excellent location blocks from beach. Terms & Guarantee.
CPA PRACTICE #261714 S. LOS ANGELES INDUSTRIAL AREA
$617,312 GROSS. Partnership (40% Ptnr wants out asap, 60% Partner 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 #261814 HEMET AREA
$587,493 GROSS. Taxes 58% ($1,069 Avg); Accounting 42% ($3,835/Yr. Avg), MAS 5% ($1,803 Avg). Lease negotiable. Estab 27yrs. Clients mostly business owners, professionals, high networth individuals. Owner works limited days. 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%. Terms & Guarantee. CONTRACT PENDING
CPA PRACTICE #237114 SOUTH BAY, LOS ANGELES COUNTY SAN LUIS OBISPO COUNTY
$416,500 GROSS (2014 Est.). Motivation: Semi-Retirement. Sole Proprietor. Taxes 96% ($713 Avg), Misc. Bkkping, P/R 3%; Consulting, IRS audit 1%. Staff CPA will reduce hours. Mo/Mo rent. Estab: 30+ yrs. Clients: Mostly professionals, Dr's, attys, etc. SBA or other bank financing ok. 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.
EA PRACTICE TAX & FINANCIAL SERVICES #236614 SANTA BARBARA
$366,637 GROSS. Taxes 87% ($383 avg); Bookkeeping <1% ($1,400 avg); Financial Services about 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. NOTE: Buyer may purchase Tax portion or Financial portion or both as a package.
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. 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. (6 OFFERS). CONTRACT PENDING
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. UNDER CONTRACT.
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.
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