CALIFORNIA

$425,000 - EA firm for sale in Foster City located in the Bay Area Peninsula of California. ref# FST123. This firm was established by the Seller in 1978 and has been operating in its current location for 12 years. The Seller is looking forward to retirement but willing to stay for 1 tax season to ensure a smooth transition, pay rate to be negotiated. There are currently 4 employees who work in various capacities that may be available after the sale as needed (see "Staff" section on the practice profile). This listing is for the tax side of the business only; the Seller will be retaining the bookkeeping & payroll services and will sign a non-compete and/or non-solicitation agreement with the Buyer. No clients are seen in-person for a face-to-face appointment. Approximately 25% of the clients will drop off their tax documents, 30% will mail-in, and the remaining 45% will remit their documents electronically. The current office space is available to Buyer if desired. If the current office is not retained, then keeping a location within a reasonable distance for clients and staff to travel would be ideal. This practice has generated 2023 YTD (Jan 1st-Oct 31st) gross revenue of $397k from 279 Individuals with an average fee of $1,190 and 40 Entities with an average fee of $1,632. Practice currently uses Lacerte for tax preparation as well as CFS, eFileCabinet, and QuickBooks. The clientele will transition best to an EA or CPA with an experienced background in tax who is patient, has good technical knowledge and is able to help the clients plan for their future. Much more information is available on the Practice Profile, including staff info. 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