About This Practice
This is a uniquely designed Canadian hybrid accounting firm that specializes in outsourced finance and has a specialization in bookkeeping and associated services including payroll, GST, PST, WorksafeBC, and accounting regulations for non-profits. This firm has consistently grown revenue by 18% to 20% annually with no tax services provided. The firm has successfully established a niche for outsourced financing, and enjoys a steady client base and reliable income. Staff are loyal and dedicated to their clients and enjoy a remote schedule. Current monthly gross revenue is $35,000 with an expected annual income of $420,000. Owner hours of less than 1,600! This is an excellent opportunity for those seeking a scalable, remote operated firm.
Currently only a couple of clients meet in person and they are serviced by the employees. The current owner believes these clients could be converted to the cloud.
This is an opportunity for a buyer looking for a scalable firm that could be operated remotely!
Highlights:
- Less than 1,600 owner hours
- Cash flow to owner of roughly 40%
- Consistent revenue growth of at least 18%
- Could be converted to full cloud easily
Ideal Buyer:
The ideal buyer will have a strong technical background and a keen interest in bookkeeping and related duties. A strong grasp of payroll, WorksafeBC, GST, PST, and accounting standards—particularly for non-profits—as well as the setup of accounting systems to meet client needs is essential for success in this role. The buyer should be proactive, hands-on, and knowledgeable about the “Controller” position. Maintaining the firm’s solid base in outsourced finance and avoiding adding new services that can interfere with this concentration is advised. The buyer does not have to reside in the region; a CPA is necessary.
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