Folsom, California Practice Fact Sheet
PRACTICE FACT SHEET: Folsom, CA
Supplied by New Clients, Inc.
Year Established: 2011
Purchase Price: $1,527,785 – Financing available to qualified applicants. Various programs available. Call for details.
ACCOUNTING, BOOKKEEPING, COMPILATIONS
Contract Clients: Total: $285,409
Individuals: 801, Ave Fee: $586, Total: $469,903
Corporations: 246, Avg Fee: $1,539, Total: $378,720
Partnerships: 79, Avg Fee: $1,079, Total: $ 85,300
Trusts: 28, Avg Fee: $871, Total: $ 24,390
Payroll: Total: $8,370
Seminars: Total: $2,982
Special: Total: $18,080
Total Gross Income: $1,273,154
Employees: 10, with defined roles, responsibilities and self-motivated. All employees engage in client interactions and building of a team office culture.
Description of Clientele: Real estate investors and professionals in the real estate industry, professional services (medical, architecture, dental, attorney, tech). Typical business generates $250k + revenue
Individuals are typically associated with Corporate returns or have a rental or schedule C business attached. Approximately 325-375 unique “family groups”.
Description of area: Folsom, CA was established in the mid 1850’s and occupied by miners of the Sierra Nevada mountains. Folsom is home to Folsom Lake College, The Folsom Symphony, Harris Center for the Arts, Ballet Folsom, Hawkins School of Performing Arts, Historic Folsom District, and a number of other cultural and recreational activities. Through the middle of town runs a section of the American River, maintained by the American River Parkway Foundation, and consisting of 4,800 acres of natural resource and over thirty miles of meandering multi-use dirt trails. It is known as one of the country’s best Class I bike paths.
As of 2014, the largest employer in Folsom is Intel, with over 6,300 employees. Folsom State Prison and the California State Prison, Sacramento follow. Other corporations located in Folsom include Verizon, Micron Technology, Toshiba, Kikoman, and California ISO, a non-profit Independent System Operator that oversees the operation of California’s bulk electric power system, transmission lines, and electricity.
Other Info: Strong and consistent investment into technology and productivity improvements have been done over the last several years putting Firm at forefront in industry.
Seller is requesting the following additional information from buyer:
Interested Parties Should Contact:
E-mail: [email protected]
Once the above items are provided to NCI, I will arrange a mutually convenient time to view this practice. Any questions, please call.
Executive VP of Sales & Marketing