About This Practice
This firm is a profitable part-time accounting practice in the London, Ontario area. Industries served are primarily professional service businesses and hospitality. The firm enjoys a reputation in the community for providing responsive and professional service and clients are long term. The practice has a balanced mix of services with predominately compilations and business tax as well as some bookkeeping, payroll and personal tax. No review or audit. Revenue is steady with excellent cash flow to owner and owner hours are low. Workflow is efficient and expenses are low. The owner maintains a high-service, professional relationship with long-term clients. Client work is managed both digitally and through visits to client premises. Clients are billed when work is completed and pay promptly. New clients are through referral and the revenue trend is growing.
The ideal buyer will be client focused with a strong accounting background and familiar with the needs of small businesses. The buyer must be local to London to provide the level of service that the clients expect. A tax specialist buyer could expand the breadth of client services. This is an ideal practice for an experienced accountant who wants to branch out on their own or an existing practice looking to expand its book with quality clients.
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