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Modesto CPA Practice - Motivated Seller- Will Consider Fully Contingent Sale
SOLD
Listing #: CAN1667
Location: California
Type: CPA
Annual Revenue: $485,000
Asking Price: $500,000
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Description:
• The owner is a CPA • This practice was established in 1989 • Software in use includes Lacerte, Creative Solutions Accounting, Quickbooks, Small Business Tools, Tax Tools Revenue generated in 2020: $484,156 Revenue generated for YTD 5/31/2021: $310,773, as per following revenue breakdown by service type: • 35 Write-Up/Bookkeeping Clients: $30,583 • 761 Individual tax returns: $210,365 • 56 Business tax returns: $51,976 • 48 Other tax returns: $17,849 • Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $260,678 (2020) • Lease expires in N/A; month-to-month
• The owner is a CPA • This practice was established in 1989 • Software in use includes Lacerte, Creative Solutions Accounting, Quickbooks, Small Business Tools, Tax Tools Revenue generated in 2020: $484,156 Revenue generated for YTD 5/31/2021: $310,773, as per following revenue breakdown by service type: • 35 Write-Up/Bookkeeping Clients: $30,583 • 761 Individual tax returns: $210,365 • 56 Business tax returns: $51,976 • 48 Other tax returns: $17,849 • Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $260,678 (2020) • Lease expires in N/A; month-to-month
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