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Presenting an opportunity to acquire a well-established CPA Tax and Bookkeeping Practice located in Bakersfield, California. This business has been operating successfully since 1994, demonstrating long-term profitability and stability. This CPA Practice specializes in tax and bookkeeping services, boasting a roster of regular and repeat clients that contribute to its organic growth year after year.
The business benefits from a team of trained employees who assist in delivering professional and reliable services. The current owner is open to supporting the transition with financing options. An initial down payment of $67,500 is proposed, making this a feasible opportunity for those looking to expand their portfolio.
Whether you're looking to merge this with your existing practice or establish your footprint in the area, this CPA Practice represents a solid investment. For more information and to explore this opportunity further, please contact broker John Willingham, CBI, CCIM at +16613329401 or via email at sunbeltbiz@hotmail.com.
Listed By: John Willingham
Background information
Reference:
59443
Year established:
1994
Reason selling:
Retirement
Finance
Sales:
$304,595
Profits:
$57,040
Profit type:
Discretionary Earnings
Operations
Employees:
The owner works in the business full time, There is one Admin and two bookkeepers. All of the employees have been with the business a long time. The Admin is retiring at the end of the year and may not need to be replaced.
Equipment:
All equipment necessary to operate the business. The Owner will retain the his personal computer.
Furniture fixtures and equipment:
Included value at $10000
Premises
Facility:
Class A office space is 1782 sq. ft. and has a reception area and 5 separate offices. Bathrooms are shared with other tenants. The building as abundant open parking. Monthly rent is $3,500.00 and the Lease is expiring on September 30, 2026. Security Deposit $2,940.00.
Square footage:
1,782
Rent and lease terms:
Monthly rent is $3,500.00 and the Lease is expiring on September 30, 2026. Security Deposit $2,940.00.
Opportunities
Growth:
Income Tax Preparation and Bookkeeping business are both expected to grow over the next 5 years.
Market:
According to IBIS World Income Tax Preparation is a 15 billion dollar industry with revenue growth of 1.7% through 2031. Bookkeeping and Payroll is an $80.9 Billion industry and expected to grow at 3.6% through 2031.
Price and terms
Price:
$225,000
Down payment:
$67,500
Financing:
The owner will finance with a $67,500 downpayment. Contact us for details.
Training:
The owner will train and assist in a smooth transition.