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San Francisco Bay Area Accounting Practice - Semi-Absentee

San Francisco East Bay Area, California, United States
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Asking Price$300,000
Revenue$316,000 Established1983
Cash Flow$74,000 Employees3 full, 2 part
FF&E$5,000* FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Well-established San Francisco Bay Area accounting practice, focusing primarily on tax return preparation for small to mid-sized businesses as well as for individual tax returns.  Revenues in 2019 were about $316,000 from about 260 clients.  Almost two thirds of the clients have been with the firm for at least five years.

This practice is available for sale as it presently exists with a staff of 3 full-time and two part-time employees or an existing practice could acquire the clients. The current owner is a CPA, but this business could be operated by an Enrolled Agent.

The current owner has limited involvement in the firm due to health reasons and it is managed by a person willing to stay or leave as a new owner wishes.  If a new owner assumes the manager's position, the net profits could more than double.

Required Licenses: Business, CPA

Real Estate Number: 01898324
Competition:There are many accounting practices but few with such a long history and with such a well-established reputation for excellent, reliable services.
Growth Potential:The owner of this long-established firm has very little direct involvement and has done almost no marketing, relying almost entirely on referrals based on the reliable and competent services provided by the firm’s employees. An energetic new owner could see significant growth by increasing marketing efforts, especially via social media.
Training/Support:Seller will negotiate a transition period
Seller Financing:Seller will consider some financing for a qualified buyer
Sale Reason:Retirement
Ad #118324
Seller Reference #OAKLACA001-N251
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Contact This Seller
William Mitchell
(510) 523-0232
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