About This Practice
This is a full-service accounting firm providing compilations, business and personal tax, audits, minor bookkeeping, and minor estate work tax to clients in the GTA. The firm has good and consistent profit of ~43% alongside low owner hours of ~1,800/year. With an established presence and committed relationship to its clients, this firm has a loyal clientele. Staff are competent and work diligently with little supervision. The office is bright, spacious, and professional. Easy access locally and from major routes provides a large market for ongoing growth. This is a great opportunity for a buyer looking to take advantage of the growth opportunities available through the firm’s full-service lines and central growth market location.
Ideal buyer
The ideal buyer will be a CPA who is competent in accounting and tax work. The buyer should have experience owning a business and managing a team. A natural delegator is key with a willingness to rely on the expertise of the staff. The buyer should recognize the importance of service to the client. Many opportunities for growth exist for the business development-minded owner. An LPA would be ideal to bring the assurance work in house (however the current outsourcing could continue with the same or other LPA). A tax specialist would also increase the client service offerings.
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