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Established Tax & Accounting Firm with Growth Potential – Chico, CA

Established Tax & Accounting Firm with Growth Potential – Chico, CA

Annual Revenue: $250,035

Firm Description: Take ownership of a well-established tax and accounting practice in the vibrant city of Chico, CA. Serving a diverse clientele, this firm has built a solid reputation for providing reliable tax preparation, monthly accounting, payroll, and consulting services. The business operates in a dynamic college town with a population of 110,000 and a greater regional reach of 220,000, offering significant market potential. Additionally, untapped markets south in Sacramento and north in Redding present strong growth opportunities for an ambitious buyer.
With a balance of remote operations and in-person client interactions, this firm has adapted well to modern business needs while maintaining strong client relationships. The current owners are offering transition support to ensure a seamless handover, making this an excellent opportunity for a buyer looking to step into a well-functioning practice with room for expansion.

Business Details:

  • Asking Price: $225,000 – $250,000
  • Total Annual Revenue (last 12 months): $250,035
  • Year Joined Padgett: 2006
  • Services: Monthly Accounting (49% of revenue), Tax (34% of revenue), Payroll (11% of revenue), and Other Consulting (6% of revenue). Clients are combination of individuals, S Corps, C Corps, and partnerships. Consulting clients may not be retained after transition.
  • Remote Operations: The firm primarily gathers client information remotely but meets in person upon request, typically around 10% of the time, especially for initial consultations. The firm does lease an office within a shared suite, which includes a conference room and common area.
  • Staff: Two owners and one part-time bookkeeping-focused employee. Employee retention is possible if requested.
  • Transition Support: Both owners are willing to provide transition support for 3–6 months, with longer support negotiable based on the buyer’s needs.
  • Timeline: Seller ready to move quickly; inquire soon
  • Software and Technology: Utilizes Thomson Reuters suite including UltraTax, Xero, ADP, and Keeper

Additional Information:

All firms in the Padgett network have access to our comprehensive support offerings including practice management, tax, technology, and marketing. Firms remain independent. Firm has highly effective digital presence for lead generation with SEO-optimized website, national Google Business Profile, national Google Ads campaign participation, and regularly updated Facebook page. Owner has access to trainings, one-on-one coaching, and year-round tax support.

We encourage you to contact us with any questions.

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