Full Cloud Bookkeeping & Accounting Practice (Canada)

About This Practice

This is an established full cloud practice that utilizes a comprehensive and integrated tech stack to provide excellent service and high value to clients. Current services include bookkeeping (with some payroll), advisory/projects/onboarding, corporate tax, personal/small business tax, and some compilations. The practice has an exceptional track record of year-over-year growth with a 3-year average of 173%. Revenue is primarily recurring subscription making cashflow very reliable and predictable. Owner hours are extremely low at ~720 total hours per year allowing the Buyer the opportunity for the same, or the ability to focus on development to grow the practice at an even higher rate.

Operations are highly systematized, providing excellent efficiency along with high level service and value for clients. Clients are ideal in all regards: size, industry, and demographic. Staff are highly capable, reliable, and work very independently. The practice has a strong foothold online with excellent reviews and ratings. As a virtual practice, the owner has focused on developing a performing online presence which attracts interest and draws in new clients. The owner is moving toward their next endeavor and is offering this as an excellent opportunity for a progressive growth-minded Buyer who’s looking for a turn-key cloud practice to grow well into their future!

Ideal Buyer

The ideal Buyer will be very progressive and will have strong familiarity and experience with cloud operations, platforms, and applications. Sound general business knowledge is also essential, as is the ability to lead and grow a team. As operated, no designation is required, however a CPA would have the ability to expand on the scope of existing services and also leverage in additional services that require a CPA designation. This is a high-growth turn-key machine that needs an owner who is ready and prepared to pilot it to its next level.

An excellent opportunity for many Buyer scenarios including a Buyer looking to move from industry to ownership of their own cloud practice, or a Buyer with a more traditionally operated practice looking to roll operations into the future.

Don’t delay, this is a full cloud opportunity not to be missed!