About This Practice
This is a well-established and profitable CPA firm located in North York. Client engagements include compilations and corporate tax as well as personal tax and a small amount of bookkeeping. Clients are predominately small businesses in a variety of industries including professionals, service companies, consultants, and investment companies. Client retention is high and referral business continues to come in.
Revenue/cash flow is excellent. Clients are accustomed to regular fee increases, remaining loyal due to the quality of service and personal attention they receive. Accounts receivable is minimal and there are no bad debts. The owner maintains a good work-life balance, putting in approximately 1,600 hours per year.
The practice is a one-person operation with some help required only at high season. Its systems have a good workflow in place. Office space is rented in a ground level industrial unit situated in busy commercial business area.
This is a superb opportunity for a well-experienced and technically competent CPA who is demonstrably ethical and at ease with clients one-on-one. This successful practice would be a solid acquisition for an existing firm wishing to expand or an entrepreneur with drive and marketing acumen who can capitalize on its multiple opportunities for growth.
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