CPA Firm for Sale in Barrie/Georgian Bay, ON

Designation:	CPA Firm
Location:	Ontario
Status:	SOLD
Listing ID:	ON2039
Asking:	$575,000
Annual Gross:	$525,000
Reason for Selling:	Retirement
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About This Practice

This is an established CPA firm with a community focus. Client engagements include compilations, personal and business tax, bookkeeping, reviews and some consulting and tax advisory. Clients are very loyal and enjoy the firm’s personal service. There is very little client turnover. Clients represent a broad range of industries including professionals, service, construction, farming, and investment companies. Most clients come to the office.

Office processes are streamlined. The owner has made significant technology upgrades to prepare the firm for the next level of client service and workflow efficiency. The staff is reliable, well-trained, and can work with little supervision. Management style is relaxed, but procedures are in place to ensure efficient workflow and quality control. The office culture is people-focused for both clients and employees. Employee schedules are flexible for life circumstances.

Owner hours are low at about 1,700 per year. This presents a great opportunity for the new owner to pursue business development and grow the firm or focus on client work to maximize profitability.

Ideal buyer

The ideal buyer should have several years of accounting and tax experience, be technically capable, and able to manage an office and staff. The ideal buyer will have a high commitment to client relationships and to being part of the local community. Maintaining this approach to service will continue to bring in referrals. Many opportunities for growth exist for the business development-minded owner.

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About the Area

Georgian Bay is located in south-central Ontario, about an hour and a half from Toronto. The highest point of the Niagara Escarpment is located on its southern shores. This area is considered the essence of cottage country, but also has more populated and urbanized areas with many permanent residents with local businesses and tourism industries. The area has a great potential for economic and human development because of the superior environment for tourism-based jobs, scientific and educational pursuits, as well as a quality lifestyle.

If you like the outdoors, the Georgian Bay area has things to do in every season. It is home to many beaches, trails and parks, including Georgian Bay Islands National Park. Georgian Bay is immersed in rich history and includes the connection along the Trent-Severn Waterway National Historic Site and the 1890’s Bressette House. There are world-class resorts nearby, vineyards, orchards, and golf courses that are ranked as some of the best in Canada. There are several places to shop and dine, including Blue Mountain Village which has over 40 unique shops and eateries.

In addition, the city of Barrie is only 30 minutes to the south It ranks 9^th in Ontario’s population centres, and is home to many education, healthcare, technology and service sectors. It includes employers such as: Wolf Steel / Napoleon appliances, Georgian International Ltd., IBM Canada Leadership Data Centre, and Hydro One Grid Control Centre. Barrie has a plethora of cultural festivals, events and entertainment options, and has an array of shopping malls and flea markets to visit. With over 200 restaurants in the city, there are a variety of culinary experiences to enjoy, from fine dining to fun and casual meals.

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