About This Practice
An excellent and achievable opportunity to own a well-established full cloud and full remote CPA practice. Engagements include bookkeeping with very minor payroll, corporate tax, personal tax, and business advisory/consulting. The firm was established as a cloud firm from inception. The owner operates the firm with very reasonable owner hours, no employees, and no subcontractors. Systems and applications are strategically integrated to provide a very robust platform for ongoing and future growth. Processes and automation create exceptional profit, currently tracking on target at 83%.
The client base is equally centered in both Ontario and Alberta, with no limits on a national market. Clients are fully committed to the cloud environment, appreciating the efficiency and effectiveness of the processes and high-quality service. Client industries are stable; client demographics are ideal. The practice has grown organically through client and industry referrals. Revenues are monthly recurring subscription based.
A buyer looking for a future-ready turn-key cloud firm will recognize this as an opportunity not to be missed.
The ideal buyer will have very strong knowledge and experience with cloud operations, including the Xero platform (QBO is not currently used). Sound general business knowledge is also required. With the hard work done, the buyer will recognize the immediate opportunity for growth. Complimentary services can be added to expand the value available even further to future and existing clients. A buyer with the ability to provide quality service, and personable service, in a cloud environment will have all the opportunity for success in this future-focused firm. This is a rare chance to purchase an established and proven cloud firm at such an achievable price. Ideal for a qualified buyer looking to launch into their own practice, and equally ideal for an existing cloud practice looking to expand their Xero client base, or add the Xero platform into their current service offerings.
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