About This Practice
This is a high-performance full cloud CPA practice with significant growth opportunity.
The practice offers a full-service line including controllership, accounting, corporate and personal tax, tax advisory, and bookkeeping.
The tech stack is thorough, well-integrated, utilizing industry standard platforms, software, and applications to operate the practice and provide efficiency and high value to clients.
Profitability is strong with a 2025 forecast of ~48%.
Approximately half the practice’s revenue is subscription revenue and approximately half is 50% retainer in advance with balance due on completion. Clients pay on time. AR is very nominal.
Owner ‘work’ hours (billable and management time) are very low at ~650 hours/year. This leaves generous time that the owner uses for business development and strategic planning.
The practice is a referral powerhouse. The practice has seen significant year-over-year growth as a result of a well-established active referral network. The network consistently delivers new business opportunities. This activity is set to increase significantly during the upcoming busy season, ensuring a steady pipeline of new clients.
Staffing is a mix of employees and subcontractors. All staff are highly capable and work very independently. All roles are well-defined. Staff are aware of their responsibilities and work diligently to meet a high standard of work. A commission pay structure for most staff maintains an elevated level of motivation and dedication. Production is efficient and high quality. All staff have current contracts that include non-solicits. All staff are located in Canada.
The client base is diverse and stable with very little to no churn on onboarded clients. Clients have been selected based on the value they provide to the practice – most clients are high value clients with strong future growth ahead. Clients are pleased with the value they receive from the practice and the cloud format that the services are provided through.
Workflow is highly efficient. The practice is fully digitized with most metrics very trackable. The owner has created a finely tuned operation that is infinitely scalable. The practice operates very independently of the owner with the owner having minimal accounts that they manage themselves. This allows most of the owner’s time to go towards business development and strategic planning.
While the proven growth record is extraordinary, the Seller has identified and begun the undertakings of additional growth opportunities – discuss with Seller.
A turn-key cloud CPA practice at this level is an uncommon find. If you’re a growth-focused CPA who is looking for the keys to your future, do not delay in following up.
Ideal Buyer
The ideal Buyer will be a CPA who is very familiar with cloud operations.
This is a practice that is ready to expand quickly – the Buyer will be a proven business operator who has experience in growth management as it relates to growing the business itself and expanding a team.
A future-focused Buyer will be able to leverage the available owner time to continue to build the practice and the operations. Ongoing growth opportunities are many; an experienced strategic planner will be able to capitalize on these opportunities.
This is a high-performance cloud practice and it will require a high-performance owner. A Buyer who tracks statistics and metrics will appreciate the trackable structure and operations of the practice, and will be able to use this key data to scale the practice effectively.
A turn-key cloud CPA practice at this level is an uncommon find. If you’re a growth-focused CPA who is looking for the keys to your future, do not delay in following up.
Request Full Profile
Sort by: