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Torrance, CA CPA Practice For Sale
SOLD
Listing #: CAS1593
Location:
Type:
Annual Revenue: $289,000
Asking Price: $360,000
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Description:
The owner is a CPA. This practice was established in 1981. Software in use includes ProSystems FX; Imaging Time. Approximately 10 bookkeeping clients generating $12,245 in revenue. Approximately 140 individual tax returns with an average fee of $953 per return. Approximately 44 business tax returns with an average fee of $2,151 per return. Approximately 29 other tax returns with an average fee of $1,928 per return. $14,162 +/- in revenue is generated via IRS audits, trust court reporting, consulting, etc.. Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $118,360. Lease expires in N/A. MTM.
The owner is a CPA. This practice was established in 1981. Software in use includes ProSystems FX; Imaging Time. Approximately 10 bookkeeping clients generating $12,245 in revenue. Approximately 140 individual tax returns with an average fee of $953 per return. Approximately 44 business tax returns with an average fee of $2,151 per return. Approximately 29 other tax returns with an average fee of $1,928 per return. $14,162 +/- in revenue is generated via IRS audits, trust court reporting, consulting, etc.. Annual cash flow including owner's salary and benefits, personal vehicles and any other non-operational expenses of the business: $118,360. Lease expires in N/A. MTM.
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