Oakland, CA EA Practice for Sale
| Asking Price: | $850,000 |
| Gross Revenue: | $700,000 |
| Cash Flow: | $369,404 |
• The owner is an EA
• This practice was established in 2007
• Software in use includes ACT Tax, CFS, AME, ADP, QuickBooks
• 2022 generated revenue as follows:
Approximately $240,000 in annual revenue, via bookkeeping (112 clients)
Approximately 470 individual tax returns with an average fee of $302 per return
Approximately 67 business tax returns with an average fee of $974 per return
Approximately 24 other tax returns with an average fee of $713 per return
Approximately $106,000 in payroll (95 clients)
Approximately $21,700 in consulting
Approximately $8,000 in audit/review
Other services: $30,000
• Annual cash flow including owner's salary and benefits, personal vehicles, and any other non-operational expenses of the business: $369,404 (2022)
• Lease expires in 2028 (5-year lease)
