About This Practice
This one-owner firm may be small in size, but mighty in the quality of work and care for each client. The clients are loyal and long-term. The current owner has carefully selected clients who fit the firm culture, who are genuinely appreciative of the work provided and willing to pay a premium to get individualized attention. The owner has opted to keep the client list smaller in order to work fewer hours, if a new owner intended to grow, they could do so successfully.
As a sole proprietor, cash flow to owner is phenomenal at over 85%. Net cashflow to owner is roughly $135,000. Clients expect yearly fee increases of approximately 5%. Owner hours are low at an amazing 400 hours per year! Billing is subscription and fee based.
This is a phenomenal little firm that you could easily scale or keep small. Currently no formal marketing is being done to grow the client list.
Ideal Buyer:
The ideal buyer would be tech-savvy with experience in working or running a small firm. The buyer should have a solid tax background and CPA certification. The current clients expect a certain level of service. The right buyer will work to continue this high level of service with responsive communication and active listening to ensure all client pain points are addressed. This could be a great addition to an existing firm or a nice-sized practice to get started on your own. A CPA license in Alberta is preferred but not required.
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