Listing Number Location Annual Gross Asking Price Status
CAS1350 Oceanside (EA) $192,000 $240,000 Sold

Description:

Many of these clients are W-2 earners who return year after year, many are itemizing. A number of wealthy retired clients with investment income. Many rentals and sole proprietors. A few corporations, but more trusts than corporations. No bookkeeping or payroll clients, but some 1099-Misc filings in January and some trust accountings.

The practice was built on mailings to new homeowners in the area, supplemented by offers of gift cards to those who refer new clients, and first-year discounts to new clients.

About 17% of the revenue is earned May-Dec. Clients involved in the sale are all located in the immediate area.

The office is in an older building with an ocean view from the front steps. Beautiful furniture and d├ęcor with a waiting room, reception area, with five private offices for interviews and checking. The practice has a reputation which attracts honest customers who love to tell their friends about the great service. Seller will retain about 200 of 800 clients, but is flexible if buyer wants more or fewer clients.

The ideal scenario would be a buyer who takes over the office. This would also help retain more clients. Clients are used to friendly preparers who listen and promptly return phone calls and emails. Seller is willing to answer questions about clients and their returns during tax season as needed.

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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