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Fountain Valley, CA CTEC Practice For Sale
SOLD
Listing #: CAS1533
Location:
Type:
Annual Revenue: $331,000
Asking Price: $425,000
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Description:
The owner is a CTEC. This practice was established in 1975. Software in use includes Intuit ProSeries. Approximately 8 bookkeeping clients, generating $2,400 in revenue. Approximately 1,000 individual tax returns with an average fee of $300 per return. Approximately 40 business tax returns with an average fee of $650 per return. $2,600 +/- revenue is generated via consulting. Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $230,000. Lease expires in February 2018.
The owner is a CTEC. This practice was established in 1975. Software in use includes Intuit ProSeries. Approximately 8 bookkeeping clients, generating $2,400 in revenue. Approximately 1,000 individual tax returns with an average fee of $300 per return. Approximately 40 business tax returns with an average fee of $650 per return. $2,600 +/- revenue is generated via consulting. Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $230,000. Lease expires in February 2018.
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