$600,000.00
Asking Price
Address: Santa Cruz,
Status: Active
Posting ID: 284055
1/19/24
Description
Description:
C4311
Santa Cruz County and the Monterey Bay area have a shortage of qualified, experienced CPAs. They serve quality customers and high-net-worth individuals, as well as small business owners who are willing to pay for on-time expertise and tax preparation. There are excellent opportunities for growth, as the current owner is turning away new clients. The huge goodwill, trust, and respect make this business a winner for a new CPA to take over. The current owner is willing to stay on during tax season, or as needed for 1-2 years, by mutual agreement.
• The owner is a CPA
• This practice was established in 1983 as Sole Prop; currently an S Corporation
• Software in use includes QuickBooks, MS Office, Ultratax, Smart Vault
• Approximately 259 individual tax returns with an average fee of $1,000 per return
• Approximately 44 business tax returns with an average fee of $1,500 per return
• Approximately 24 other tax returns with an average fee of $700 per return
• Other Projected 2023 revenue includes: financial advice
• Lease expires in 2025.
• Customer mix: 85% tax prep.; 15% consultation.
- Gross sales: $359,451 3-year weighted average. Tax prep 85%, consulting 15%.
- SDE: $295,604 3-year weighted average
- Price: $600,000
- Office Size: Approx. 731 SF +/-. Buyer to verify
Some seller financing is possible for an approved buyer.
*This is *highly confidential*. Call or email the broker directly for an NDA. There will be no additional information without an 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 - Highly Desirable business for sale in Santa Cruz 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 #284055 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 - Highly Desirable, 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: $600,000.00
Down: Call/Email
Cash Flow: $295,604.00
Revenue: $359,451.00
Area: Santa Cruz
City: Santa Cruz
Attributes:
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