Listing Number Location Annual Gross Asking Price Status
CAC1067 Fresno (CPA Audit) $830,400 $1,100,000 Sold

Description:

* This is a general partnership; the partners are looking to retire but willing to work for the buyer during a transition period.
* This practice was established in 1923
* Software in use includes Lacerte Tax Software, Microsoft Office
* 3 Monthly Clients with an average fee of $600/mo
* 1 Quarterly Client with an average fee of $1,200/qtr
* 6 Annual clients with an average fee of $2,500/yr
* 300 individual returns with an average of $500/return
* 46 business returns with an average fee of $1,600/return
* 49 other returns with an average of $400/return
* Lease expires in June of 2015
* Governmental Audits-School Districts (19 Single audits, 9 other yellow book audits - $453,000, Other Audits $76,000 (1 Construction Company, 1 Manufacturing Company, 2 Not-for-profit). Audit revenue is around $529,000
* Other services include data processing, copy charges, other charges ($16,800 revenue)

To obtain additional information on this practice go to Request More Information and register with broker. You can also be placed on a free listing notification list. Not all information is included above due to confidentiality concerns. The information is provided by sellers and has not been audited or verified by Accounting Practice Sales, Inc. or any of its independent brokers. Buyers are responsible for their own due diligence before buying any practice. Buying and operating a tax or accounting practice involves a certain amount of risk and requires business experience and professional skills.

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