Description:

BUSINESS IS IN ESCROW. BACK UP OFFERS ONLY AT THIS POINT.
C4311
PRICE LOWERED TO $550,000
SBA PRE-APPROVAL. MONTEREY COUNTY BANK
Santa Cruz County and the Monterey Bay area have 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 a away new clients. Huge goodwill, trust, and respect make this business a winner for a new CPA to take over.
• 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.
Current owner willing to stay on during tax season, or as needed for 1-2 years, by mutual agreement.

Gross sales: $359,451 3-year weighted average. Tax prep 85%, consulting 15%.
SDE: $295,604 3-year weighted average
Price: $550,000
Office Size: Approx. 731 SF +/-. Buyer to verify
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.