About This Practice
This is a very well-established CPA firm with solid and consistent revenue from a longstanding multi-industry client base. Client engagements include compilations, corporate and personal tax, and bookkeeping. The proven reputation for quality work and client care has allowed the owner to easily maintain their preferred capacity each year. Very good cashflow to owner is consistent at ~47% year over year, and owner hours are very reasonable at ~1600 hours/year. Office processes are established and effective. All staff are long-standing, committed, and highly capable. This is a firm with a very well-established foundation and many available opportunities to take it to the next level.
The firm has a long-standing client base with a mix of services that promotes stability; client industries include real estate, construction, restaurants, services, invest co/hold co, consulting, hospitality, professionals, manufacturing, etc. Client relationships are solid, developed through a team approach and directly supported by highly qualified and personable staff. Long-term clients trust the firm to provide sound and sensible tax advice. Client retention is exceptional, with many associated referrals provided as a result of the firm’s commitment to quality and personable client service.
All staff members are very committed and highly capable, essentially owning their client responsibilities and relationships from start to finish. Staff work independently with very little supervision, and are empowered with a voice in operational decisions. Processes are collectively developed and effective. Culture is strong, and overall approach is team-based. The office is a relaxed environment but professional in operation.
An excellent location; highly visible, located on a busy commercial corner, very accessible to/from highway. The stand-alone single storey office is airy and bright with windows in each office, and lots of parking.
This is an excellent and attainable opportunity for a buyer looking to start with, or add to, a great client base.
The ideal buyer will be a CPA with public practice experience along with strong general business knowledge. A buyer will recognize that service level and the committed team have contributed to the firm’s exceptional track record of long-term success. Staff appreciate the provided autonomy and have excelled in the team environment. A buyer with a professional and personable approach will follow in building upon the value that’s been established in the team, and the clients. While a buyer could easily maintain current operational approach, so much expansion opportunity exists for a buyer interested in integrating more modern technology and additional related services.
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