$550,000.00
Asking Price
Address: 95032.
Status: Active
Posting ID: 284754
5/29/24
Description
PRICE REDUCED TO $550,000
SELLER WILL CONSIDER GENEROUS SELLER FINANCING FOR APPROVED BUYER
Description:
CPA Practice
C4312
The Greater San Francisco Bay area has a shortage of qualified, experienced CPA’s. Quality customers and high net worth individuals, as well as small business owners are willing to pay for on-time expertise and tax preparation. Excellent opportunities for growth, as current owner is turning away new clients. The well-earned goodwill, trust, and respect make this business a winner for a new CPA to take over. Most clients are located in the South SF Bay area and, due to the CPA moving out of the area, are being serviced remotely. While some clients are seen in person, that number would likely increase significantly with a local presence in the South Bay area. Clients come as referrals from existing clients, friends, financial advisors, and attorneys. Seller says the Pandemic and the last recession did not affect this business, other than to move most clients to remote tax preparation. Seller believes keeping a local office will be important.
• The owner is a CPA
• This practice was established in 1986 as Sole Prop; currently an S Corporation
• Software in use includes: Ultratax, Smart Vault
• Client Mix:
Individual taxes: 158 clients.
Corporate & business taxes: 10 clients.
Fiduciary & partnership taxes: 5 clients.
Other sources of income: Year-end consulting, amended returns.
Current owner willing to stay on during tax season, or as needed for 1-2 years, by mutual agreement.
Gross sales: $346,892. 3-year weighted average. SDE: $286,803. 3-year weighted average
Price: $550,000 Office: Home based since August, 2023
Some seller financing possible for approved buyer.
HIGHLY CONFIDENTIAL. CALL OR EMAIL BROKER DIRECTLY FOR NDA.
NO ADDITIONAL INFORMATION WITHOUT NDA, PROFILE, AND FINANCIAL STATEMENT.
Broker: Rex Walters, CBB, PhD
Certified Business Broker
831-239-2080
scbusinessbroker@gmail.com
Lic. # 01841628
Confidential Information provided by Coast Business Brokerage, Inc.
The information provided on this sheet is a copy of the information furnished by the seller indicated above and evidenced by the Broker Agreement and supporting documents, available upon request. Coast Business Brokerage makes no representation as to the accuracy or reliability of said information.
Books and Records: All books and records are provided to Coast Business Brokerage without audit on our part. Any buyer should perform his/her own due diligence and verification to their satisfaction.
To get more information about this CPA Accounting Practice - Profitable, Respected business for sale in Santa Clara County please phone Rex Walters CBB (Broker - BRE License #:01841628) at 831-239-2080 and 831-685-8866 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284754 on BizBen.com. In addition to phoning Rex Walters CBB, make sure you email Rex Walters CBB above to get more info about this CPA Accounting Practice - Profitable, Respected, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01841628. Coast Business Brokerage.
Contact
Details
Asking Price: $550,000.00
Down: Call/Email
Cash Flow: $286,803.00
Revenue: $346,892.00
Area: Santa Clara County
City: None Given
Attributes:
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