Virtual Woodland Hills, CA Practice for Sale

Asking Price$995,000

Cash Flow
$556,500
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$783,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Virtual Woodland Hills, CA Practice for Sale


Asking Price$995,000

Cash Flow
$556,500
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$783,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
• The owners are CPAs and only open to selling to equally licensed buyers in the Los Angeles area
• This practice was established in 1996
• Less than 5% of clients meet with the seller and staff
• Practice is cloud-based and their software in use includes Lacerte, CFS, QuickBooks, TimeSlips, and Microsoft Office
• Approximately 165 individual tax returns with an average fee of $1,145 per return
• Approximately 140 business tax returns with an average fee of $1,445 per return
• Approximately $45K in annual revenue, via review & compilations
• Approximately $345K in annual revenue, via consulting and other projects
• Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $566,474 (2024)
• Lease expires 12-31-2025
About the Business
Years in Operation
29
Website
https://accountingpracticesales.com/united-states/west/california-south/20567-Vi
Listing Info
ID
2366878
Listing Views
1185

Contact Seller

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Business Listed by: Hannah Boctor Accounting Practice Sales

Listing ID: 2366878 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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