CPA Firm for Sale in Georgian Bay Area, ON

Designation:	CPA Firm
Location:	Ontario
Status:	SOLD
Listing ID:	ON2033
Asking:	$375,000
Annual Gross:	$315,000
Reason for Selling:	Retirement
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About This Practice

This is an established and very profitable CPA firm with a community focus. Client engagements include compilations, bookkeeping with some payroll, as well as business and individual tax. There are three review engagements. The revenue trend is growing, and the firm has excellent cash flow to owner of 63%. The firm has an excellent billing track record with no bad debts in ten years. Owner hours are about 2000 per year.

Business clients are owner-operated small businesses. Industries include service, sales, NPO’s, professionals, farming, trades, and construction. Owner is discerning with accepting clients. No client exceeds 5% of revenue. The firm has an excellent client and community reputation. Office processes are streamlined and staff is well-trained and can work with little supervision. The office is a “well-oiled machine” and very organized.

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. The firm is rural with a strong community focus. A buyer who prefers a small-town mentality will do very well here. This is a hands-on practice for the accountant who enjoys their work and being part of the community. If you have a history of forming trusted relationships with clients and have a good understanding of owner-managed business accounting and tax needs, you will thrive in this firm.

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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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