Burlingame CPA Firm for Sale

CPA firm for sale in Burlingame, CA. Ref# BLG124 This well-established firm has been in its current location for the past 10 years and the Seller is ready for retirement. Approximately 50% of the clientele come in for an appointment, 25% mail in their information, 10% drop-off and the remaining 15% send their documents electronically. Retaining a location within a reasonable distance for clients to travel is ideal. The Seller believes that an office from South San Francisco to Palo Alto would be a reasonable distance. While the Seller is looking forward to retirement, they will be available for transition and willing to continue working, part-time, this coming tax season if necessary. Pay rate to be negotiated. The 2023 Gross revenue of $513k was derived from 229 individual returns with an avg. fee of $1,383, approximately 39 Entities with an avg fee of $2,051, as well as $101,800 comprised of accounting, bookkeeping, minimal payroll and $14,767 from miscellaneous services income. 2024 Revenue included in the sale is estimated at $450,000 due to existing plans for the seller to reduce their workload this coming tax season (details on reduction are on the Practice Profile). Practice currently uses CCH Axcess for tax preparation as well as QuickBooks and CFS Tax. Due to a compilation that’s prepared for banking purposes, the clientele will transition best to CPA with strong tax and accounting background. However, the Seller will entertain an EA provided they have a plan to continue providing the compilation. The Buyer should be personable, willing to make themselves available for calls and meetings and able to explain things to clients in a way they will understand. Much more information is available on the Practice Profile, including a more in-depth breakdown of the staff & financials.

Please complete the Buyer Profile and NDA on our website at atbcal.com/buyerprofile and the Practice Profile will be available for download immediately after submission. ATB, Inc. CA DRE 02002824