Established CPA Practice with High Client Retention and Growth Potential
Los Angeles, CA (Los Angeles County)
Asking Price:
Business Overview
This distinguished sole practitioner CPA firm has been serving the Westside community since the late 1980s, building a reputable client base and consistent revenue stream. Located near a premier university in a class A office building, the practice offers comprehensive tax and accounting services primarily to individuals, LLCs, partnerships, and corporations. Utilizing modern technology platforms for tax preparation, client management, and document sharing, it adapts to secure and efficient workflow. The consistent client base, with many leveraging digital portals, contributes to a steady revenue stream surpassing one million dollars annually. The current owner plans to retire, providing an opportunity for a qualified California CPA with extensive public accounting experience to assume leadership. A supportive transition period is available to ensure continuity and smooth client retention. This practice suits an established firm seeking expansion through acquisition or a veteran CPA looking to broaden service offerings and market presence in a sophisticated metropolitan economy with strong professional services demand.
Facilities & Infrastructure
- Office located in upscale class A building near major university
- Lease valid through August 2028 with $4,000 monthly rent
- Purchase price includes select office furniture
- Modern practice management software including Lacerte, QuickBooks, JetPack, and SmartVault
Property Highlights
- Prime location enhances client access and professional positioning
- Integration of digital client portals facilitates efficient document exchange
- Long-term lease provides operational stability through mid-2028
Key Business Facts
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Market Insights
Demographics (County)
Economy
Crime & Safety
Growth & Expansion
- Opportunity to grow staff and expand service capacity
- Increase fee structures and revenue through deeper market penetration
- Leverage digital tools to attract tech-savvy client segments
Operation & Support
- Seller offers two to three years of transitional training and support
- Buyer must hold a California CPA license with 15+ years tax and accounting experience
- Practice requires daily management capabilities, including complex tax return preparation
- Lease runs through mid-2028 with stable rent expense
- Seller transitioning to retirement; facilitating a managed handoff
Lifestyle Fit
- Best for established CPA professionals seeking acquisition opportunities
- Estimated owner involvement is high: active daily management expected
- Ideal for owners focusing on operational leadership and client service excellence
- Potential for semi-remote operations supported by digital client management systems
Process & Next Steps
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