Established CPA Firm Ready for Growth- for Sale in Calgary!

About This Practice

This well-established CPA practice is for the entrepreneurial buyer ready to step into a growing firm. This firm is headed for $520,000 in gross sales in 2024. 70% of its business comes from financial statements and related bookkeeping and tax preparation services. The other 30% comes from personal tax returns and planning. Clients hold the firm in high esteem for its reliability, knowledge, and innovation.

The owner of this business is a professional accountant registered with CPA Alberta. Clients are very comfortable working with the owner and with staff. The staff  have strong experience in industry within Canada as well as other countries. The staff are adequately educated. They value the chance to work in public practice and they are excited to participate in these extraordinary times of growth.

The employees of this firm come from various industries and backgrounds and have been able to hone their skills in accounting and tax preparation. Over the past 20 years some staff have stayed a long time because they like the work. Employees who left have been able to get their designations and move into industry.

Highlights:

• Many clients have been with the firm for over 20 years, but there is a wide range of ages with many young entrepreneurs
• Consistent revenue growth of 12% per year
• Clients come from many industries and the firm has consistent income year round
• Pay structure is through value billing only

Ideal buyer:

The ideal buyer will have worked in public practice from three to five years. Experience as an entrepreneur in any business or in management would be very helpful. Much of the work is done in CaseWare and Tax Cycle (from Xero). The current staff are very skilled in these programs and could swiftly introduce an accountant buyer to the software  and explain how to use management and quality control systems already in place. The new buyer could introduce other software packages and current staff would be able to make the transition with a strong leader and trainer.