About This Practice
This firm is a fast-growing, online accounting practice in Montréal, QC and is a leader in the cloud accounting space. The seller is projecting that revenue for the fiscal year ending September 2018 will be 1.4M based on past growth and current trends.
Services are delivered by a team of tech-savvy professionals through tailored business solution packages that include bookkeeping, compilations, tax and recommended cloud accounting systems. No review or audit. Billing is fixed-priced monthly packages setup for pre-authorized, automatic payments to ensure steady cash flow with no accounts receivable. Clients are primarily technology and service companies across Canada. This is a firm for the 21st-century.
The firm enjoys a reputation for being innovative, responsive, and for providing great service. Client feedback is exceptional, and the firm has a loyal and growing following. The company has designed the whole customer experience, from onboarding to bookkeeping to billing, to ensure client satisfaction, ease of use, and automation.
This is a practice specifically designed for continued growth. An excellent marketing engine with superb online presence and superior attention to client service has ensured that client growth is steady and that clients are retained. Reinvestment in systems and key employees has continued the company’s exceptional gains. Positioned online for both English and French-speaking businesses, the company can service anywhere in Canada.
Ideal buyer
The ideal Buyer must be a forward-thinking and open-minded entrepreneur who is enthusiastic about running a very different kind of accounting practice. Both clients and employees expect a different experience than at a traditional firm and enjoy the benefits of an online environment. The buyer will be knowledgeable on online businesses and technology.
Because the packaged service approach gives the firm a greater control of the client’s accounting, there are opportunities to offer additional services. A tax specialist buyer would expand the breadth of services.
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