CPA Firm for Sale in Southwest Durham Region, ON

Designation:	CPA Firm
Location:	Ontario
Status:	SOLD
Listing ID:	ON2035
Asking:	$245,000
Annual Gross:	$215,000
Reason for Selling:	Retirement
No highlights available.
Request Full Profile

About This Practice

This is a profitable general accounting practice for individuals and small businesses. Engagements include Notice to Reader, corporate tax returns, bookkeeping and payroll services, personal tax, and some estate work, consulting, and controllership. No audits or reviews.

Business clients are owner-operated small businesses and make up 65% of the practice. Owner is discerning in accepting clients. Clients are multi-generational. The practice is well-respected with loyal clients. Business clients continue to refer to colleagues in their respective industries.

The firm has a great billing track record with clients that pay on time. Owner hours are low (1200) yet the firm has good profitability at 40%+. This is a turn-key accounting practice.

The practice has long-term and skilled staff that work with very little supervision. They are highly competent, have a great work ethic, and the clients are used to dealing directly with them. The office atmosphere is relaxed with great communication. No office politics! The owner and staff are very proud of their office culture.

The office runs very smoothly, with good processes in place and great communication. Regular meetings keep tabs on workflow, and the owner reviews all work for sign off and quality control. The office has standard business hours, but the staff enjoy flexible work times as needed. Most individual clients come to the office, and most business clients only come to sign off.

Ideal Buyer

The ideal buyer will have several years of public accounting and tax experience. They must be technically capable and able to manage an office and staff. The buyer must have experience dealing with clients directly and be familiar with the needs of owner-managed businesses. A tax specialist would provide additional value and service for existing clients. This is a great practice for the accountant who enjoys their work and being part of their clients’ lives. The practice offers options for the buyer to either continue the delegation model and concentrate on business development, or to increase owner hours to maximize profitability.

Request Full Profile

About the Area

Just east of Toronto, Regional Municipality of Durham is part of Ontario’s “Golden Horeshoe”. Bordering Lake Ontario, Simcoe and Scugog, it includes a mixture of cottage and urban appeal. Its unique environment allows for many natural parks and more than 350km of trails to explore. For the sports enthusiast, there is year-round fishing including shore and boat fishing opportunities, as well as 50 world class golf courses to play.

With a thriving agricultural community, this region produces a variety of fruits, vegetables, meats and honey, and is home to award winning breweries, wineries and distilleries. It is also home to the University of Ontario Institute of Technology, which is Ontario’s fastest growing university, as well as Durham College and Trent University Durham.

Find Practices For Sale

Browse our current listings based on the qualities important to you:

Don’t see what you're looking for? Let us know. We'll contact you when listings that fit your criteria come along.