Established San Gabriel Valley CPA Office

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Accounting Businesses for Sale

This 40+ year established Certified Public Accounting practice is widely known for its reliable and top-notch monthly bookkeeping, financial statements and tax preparation with tax planning services. A high-performance office staff, with the ability to work remotely, handles most of the client service contact, helping alleviate dependence on the owner. The practice helps serve affluent families and businesses in and around the communities of Pasadena/San Gabriel Valley/Los Angeles.

In 2020 the business generated $477,317 in sales revenue and produced $123,542 Seller’s Discretionary Earnings (SDE) for its Owner. In 2021 the business generated $450,413 in sales revenue and $99,773 in SDE. In 2022 (YTD 6/30/22) it has generated $231,651 in sales revenue and produced $52,910 in SDE.

Among the value-adds for the business, this opportunity offers the following:

Complete and turnkey operation due to experienced staff and systems in place
Above average fee for services makes this an attractive bolt-on for any existing practice
Month-to-month lease of the current office allows flexibility for a strategic buyer to absorb staff into their current office and lower overhead expenses.
Seller willing to stay on board for one year as CPA to facilitate a smooth transition for clients.

Current ownership seeks an accomplished CPA to purchase and run the company while preserving its mission-driven care culture. Seller is willing to provide 4 weeks of training post-close to new owner.

Disclaimer: The information herein has been supplied to Broker by the Seller. Broker believes the information to be correct but has not verified the information and makes no representation as to its accuracy, completeness or reliability. Broker and its agent Expressly Disclaim any and all liability for the representation of the warranties, express or implied, contained in such information or for omission from them. It is buyer’s responsibility, with the aid of appropriate professionals, if necessary, to perform independent due diligence to verify all the information prior to purchasing the Business.

For more information, please contact Greg Michail at (415) 438-0202 or at [email protected]

Financial Information

  • $300,000 Asking Price
  • $99,773 Cash Flow
  • $450,413 Gross Revenue

Business Location

  • City: San Gabriel Valley
  • State: California

Reason for Sale

  • Semi Retirement

Detailed information

  • Year Established: 1976
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: Yes
  • Fulltime Employees: 2
  • Part time Employees: 3
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: Yes
  • Inventory Value: $5,000
  • Monthly Rent: $3,700
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: $0
  • Building Size: 1642
  • FF&E Included?: Yes
  • FF&E Value: $60,000

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Business Listed by Sunbelt of Pasadena
Contact
Gregory Michail
Listing ID
PASADCA001-51822
Office Phone (626) 395-0717

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