Very well-established turn-key CPA firm with excellent clients and staff

About This Practice

This is a very well-established one-owner CPA firm focused on compilations and reviews, personal and corporate tax, and some minor bookkeeping and business advisory. The firm has grown organically based on an excellent reputation for quality work and personable service. Owner hours are very low at ~1400/year allowing a buyer to enjoy the same or invest more time into the firm and raise the current 50% profitability even higher. The firm’s systems are current and modern with priority on security and redundancy. The firm has been entirely paperless for several years.

The client portfolio Is desirable and loyal. Clients are diverse in terms of industry mix, well-balanced in size, and ideal in age demographics. Clients are long-term and are familiar with the proactive approach the firm takes to obtaining client account information early. Client relationships are strong. Many long-term clients are a direct result of a culture of caring, and a commitment to a very high level of service.

Long-term staff are highly capable and work independently. Role responsibilities are well-documented. Staff are experienced, professional, and personable. Each team member has expertise in their areas of responsibility. Employees are happy and proud to work with the company, their clients, and their colleagues, as shown by the company culture and employee tenure.

The firm is very well located in an area that has become very desirable for both population and business growth. The attractive office is very visible on a busy street in a desirable neighbourhood. The office is easily accessible locally and from major highways.

This is an excellent opportunity for a buyer looking for a very reputable practice with high growth potential, excellent clients and staff, all in a turn-key operation.

Ideal Buyer

The ideal buyer will be a CPA with a Public Accounting License. The buyer will also have several years of experience with owner-managed businesses and the requisite tax work that is part of serving this clientele. Strong general business knowledge is required. Good interpersonal skills are a must, as well as the ability to communicate and build relationships with different client styles. The ability to manage staff with trust and provide independence to the staff will maintain the environment and culture they’ve excelled in. A growth-minded buyer will be able to further expand on the opportunities readily available to this firm.