Well established CPA firm with excellent client base in Central North York

Designation:	CPA Firm
Location:	Ontario
Status:	SOLD
Listing ID:	ON2077
Asking:	$2,200,000
Annual Gross:	$1,950,000
Reason for Selling:	Retirement

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About This Practice

This is a very well-established full-service CPA firm. Client engagements include compilations, some audits and reviews, corporate and personal tax, some personal US tax, tax advisory, and some estate work. The loyal client base has been consciously developed into a very desirable overall portfolio. Staff are highly capable and committed with many having long tenure with the firm. The location is very desirable, with options to maintain existing location or relocate. The firm has earned a valuable reputation, in part due to their genuine client care, along with an exceptionally high standard of client service and results.

This firm has an exceptional client base with a desirable industry mix including investco/holdco, real estate, services, professional, sales, manufacturing, distribution, healthcare, consulting, etc.

Overall staff roster is very experienced and long-standing. Employees are highly capable, able to independently manage their tasks, responsibilities, and build proven relationships with clients. Well defined processes allow employees to focus on performance and achieve results. The team is a very valuable component of the firm; a buyer looking for strength in a team will definitely want to consider this opportunity.

Location is ideal being surrounded by one of Canada’s most industry-diverse economic markets, and livable regions.

Ideal buyer

The ideal buyer will be a CPA or a CPA firm with sound public accounting experience along with strong tax knowledge and general business knowledge. A Public Accounting License (PAL) would be desirable for a buyer wanting to expand the audit/review component; however the existing assurance work could be readily outsourced by a non-LPA buyer. The buyer will value the client portfolio and will be able to continue to provide the high level and personable service that the clients are accustomed to. Equally, the buyer will have an appreciation of the staff who contribute to the firm’s success. This is an excellent opportunity for a buyer looking for a sizable established client base, an excellent team, and the option of a desirable location. Excellent opportunity exists for a buyer wanting to take this firm to the next level.

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About the Area

About the Area

Toronto is Canada’s largest city. It is located along Lake Ontario’s northwestern shore and covers an area of 630 square kilometers. Toronto is repeatedly and consistently ranked at the top of international indexes for competitiveness, innovation and livability, and ranks as the tenth most economically powerful city in the world. According to Forbes, powerful cities such as Toronto attract investment due to the size of their economy, their projected future prosperity, cost of living and quality of life. Toronto is Canada’s financial and banking capital and holds North America’s third largest concentration of private IT companies. In addition, Toronto is a major industrial center, producing more than 50 percent of Canada’s manufactured products.

Toronto is one of the world’s most multi-cultural cities, which adds to the city’s rich diversity of foods and restaurants, languages, arts and entertainment. It’s home to 6 major sports teams, six opera companies, 2 symphonies, several art galleries and over 50 ballet and dance companies. Toronto has a diverse array of city squares and public parks, including Rouge National Urban Park, which is the largest in North America. Toronto also has a number of post-secondary academic institutions including University of Toronto, which is ranked as one of the top 50 universities in the world, and is number one in Canada.

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