CPA PRACTICE #190717 CARMEL
$950,000 Gross Collections. Taxes 71% ($919 avg.), Accounting 19% ($12,056/yr avg), and Consulting/Misc for continuing clients 10% ($348 avg). Two partners want to phase out over 4 to 5 years. Strong expertise in estate area which could be of great benefit to buyer wanting to develop this side of business in their practice. Beautiful "Pride of ownership" facility. Room for 4 or 5 additional staff. Good monthly cash flow. Established 22 years. Terms & Guarantee.

CPA PARTNERSHIP 50% SHARE #244417 MENDOCINO COUNTY
$444,481 Gross. One of the two partners is retiring and offers a 50% interest in the practice. Taxes 100% ($1,549 avg. some returns require some bookkeeping to get to the business return). Practice is well established - 58 years. Passed peer review in 2005. E-filed 95% of 1040's. Since purchase price includes A/R's, cash flow to buyer will start immediately. Terms & guarantee.

TAX PRACTICE #142018 FREMONT
$420,000 Gross. Taxes 97% ($223 Average). Practice established in 1961 with the current owner being at the helm for more than 25 years. Uses Lacerte and CFS software. Strong cash flow with owner netting close to 50% of revenue. Office building is owned by selling partner with flexible and affordable terms available (optional). Although a partnership, the two partners run their businesses independently of one another in different cities. The other partner's book of business is around 15% of the Fremont practice and is not for sale. Implementation of a marketing plan for bookkeeping could significantly increase gross revenues or one can continue to run the business as a highly profitable tax practice. This one won't last for long. Terms and guarantee. UNDER CONTRACT.

EA TAX PRACTICE #134018 BERKELEY/KENSINGTON
$340,000 Gross. Taxes 95% ($450 avg); Bookkeeping 5%. About 625 ITR & 75 business returns. Turnkey practice in desireable high income neighborhood. Office space is 1,200 sq. ft. Good referral base. Lacerte user. Staff & Owner willing to stay on for first tax season (maybe longer) to ensure high level of retention. Terms & guarantee.

CPA PRACTICE #119027 ELDORADO COUNTY
$220,000 Gross. Taxes 60% ($300 Avg); 40% Accounting. Many small businesses. Uses Lacerte, Peachtree and QBP. Located in Sierra foothills. If you enjoy outdoor sports (Kayaking, hunting, fishing, skiing) this practice is for you. Terms & guarantee.

TAX PRACTICE #104118 FOLSOM
$41,000 Gross. Taxes 100% ($376 Avg.) Established 19 years. Practice can be relocated (currently in exec. suite during tax seasons). All returns e-filed, 60% of returns are mail-ins. Solid bill rate, profitable. Great for existing CPA or EA wishing to add around 100, 1040 clients.

Southern California

EA PRACTICE #263618 CENTRAL ORANGE COUNTY
$636,871 GROSS. Bookkeeping 71% ($3,027/yr avg); Taxes 29% ($446 avg). Seller semi-retiring: keeping finanical services and spinning of bookkeeping & taxes (numbers are for tax & bookkeeping only). Fully staffed so that seller is able to take 8 to 12 weeks vacation every year. Very strong monthly cash flow. E-files 99%. Hours 9 to 5 all year (plus 8-1 on Saturdays during tax season). Seller expects gross to go up substantially (new clients & fee increases). Terms & Guarantee.

CPA PRACTICE: MERGE/PARTNER OPPORTUNITY #237518 NORTH COASTAL SAN DIEGO COUNTY
$375,000 Gross. Seller has too much work and needs help. Possible deals: 1. CPA buyer with small practice has time on his/her hands and would like to buy a portion of seller's practice and move into office, possible partnership later on; 2. CPA with equal or larger practice could merge with seller and provide manpower to relieve seller of workload; or 3. What ever will relieve seller of some of his workload. Seller open. (Note: practice has grown 200% since I sold it to him in 2003.)

EA PRACTICE #223118 LAKE FOREST
$252,249 Gross. Taxes 95% ($414 Avg); Bookkeeping 5%. Seller is spinning off tax portion of business and keeping investment clients. Lease of $1500/mo is month to month (900 Sq.Ft.) 90% E-files. Clients are mostly professionals, business people, etc. Seller would prefer buyer to take over premises. Terms and Guarantee. OFFER PENDING.

CPA PRACTICE #221018 CHULA VISTA
$210,000 Gross. Taxes 95% ($167 Avg); Accounting 5%. 95% mail-ins. 100% of 1040's e-filed. Not a bilingual practice. Rent is $.80/ft in a free standing building. Fully staffed. Uses Pro-Series and Quickbooks. Terms & guarantee. OFFER PENDING.

CPA PRACTICE #217218 SAN DIEGO (RELOCATABLE)
$172,000 Gross. Taxes 74% ($434 Avg); Accounting 14% ($2,592/yr Avg); MAS/Review/QB consulting 12%. Seller going to work for client and relocating in about one year. Seller has strong background (Ex Big 8, CEO, CFO). Practice is located near Qualcom with lease expiring 9/1/08. Practice may be relocated (within reason) or new lease negotiated. Full charge bookkeeper available to stay on. Office hours are 10-4 M-TH non-tax season and 9-6 M-Th during tax season. Established 20 yrs. Terms & Guarantee. UNDER CONTRACT.

EA PRACTICE #215518 LONG BEACH
$153,821 Gross. Practice is 77% taxes ($197/Avg), 21% bookkeeping ($2,165/yr avg), and 2% other. Seller is retaining a portion. (already subtracted from Gross). Seller, age 64, recently adopted 7 yr old and wishes to devote time to raise child by working from home. Nice office location (near Bixby Knolls) at only $1.26/Sq.ft. Lease expires 5/09 and practice may be relocated to Buyer's premises after expiration of lease. Established 27 yrs. Lacerte user. 99% e-files. Terms and Guarantee.

EA TAX PRACTICE #214518 EAST SAN DIEGO COUNTY
$137,862 Gross (2007). Taxes 88% ($321 Avg); Bookkeeping 11%; Audit & MAS 1%. Seller says 2008 gross is on track to be $145K. Seller wants to stay on for first tax season to ensure high retention. Lease expires September, 2009 so practice may be relocated to buyer's premises after that (within a reasonable distance). Nets over 60%. Terms & Guarantee.

EA PRACTICE #211818 VENTURA
$117,915 Gross. Taxes 43% ($387 Avg); Bookkeeping 54% ($3,517/yr avg); IRS AUDITS/MISC 5%. Seasoned practice (30 yrs). Lease ($717/mol) expires 12/31/08 so buyer may negotiate new lease or relocate practice to buyer's premises. Very even monthly cash flow. Avg. client age approximately 40. Seller presets tax appointments. Terms & Guarantee.

TAX PRACTICE #211718 CULVER CITY
$117,717 Gross (2008). Taxes 100% ($84 Avg) plus Notary. Bilingual practice. One large office 1250 sq. ft. Located on main street with good visibility and access. Estab. 29 yrs. Collections are 45% at interview; 50% upon delivery. Terms & guarantee. OFFER PENDING.

TAX PRACTICE #209018 ORANGE COUNTY COASTAL
$90,000 Gross. Taxes 100% ($311 Avg). Sellers semi-retiring and spinning off tax clients. Seller will retain financial services clients and some of the tax returns associated therewith. 80% mail-ins and 100% e-filed. Practice may be relocated. Established 30+ yrs. Terms & guarantee.UNDER CONTRACT.

EA TAX PRACTICE #208318 SAN DIEGO
$82,670 Gross. Taxes 100% ($266 Avg). Practice to be relocated to Buyer's location. Near Miramar airbase. Established 15 years. Lacerte user. Terms & Guarantee.

CPA PRACTICE #207918 SAN DIEGO
$79,000 Gross. Taxes 47% ($638 avg); Accounting 51% ($4,035/yr avg); Consulting/IRS Correspondence 2%. Solo CPA practitioner is doing all of the work - a CPA with staff could offload the accounting to staff. Three largest clients average $2MM+ in revenues. Owner nets 67%. Practice may be relocated to Buyer's premises. If a buyer does certified audit, sell can refer additional business. F&E optional. Terms & guarantee. UNDER CONTRACT.

CPA PRACTICE #207517 RIVERSIDE
$75,000 Gross. Taxes 74% ($300 avg); Bookkeeping 26% ($1976/yr. Avg). Lease expires 11/01/08. 900 Square feet office in Professional Office Building. ($1.28/Sq.Ft.) May be relocated, within reason. Seller retaining Financial Services portion of business. Established 27 years. No F&E Requirement. Lacerte User. Terms & Guarantee.

EA PRACTICE #203818 MISSION VALLEY, SAN DIEGO
$37,752 Gross. Taxes 93% ($225 avg); Bookkeeping 7% ($1,400/yr. Avg). Rent is only $1.70/ft but practice may be relocated to buyer's premises (preferably in Mission Valley). Seller is licensed to sell financial products which he will keep or sell to buyer if desired. For a buyer that merges the practice into his/her practice almost all of the income will flow to the bottom line. Terms and Guarantee.