Accounting and Tax Firm Available in Etobicoke

Designation:	Accounting Firm
Location:	Ontario
Status:	SOLD
Listing ID:	ON2087
Asking:	$575,000
Annual Gross:	$480,000
Reason for Selling:	Retirement

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About This Practice

This well-established accounting and tax firm specializes in offering accounting and tax expertise as well as some estate and trust services. The practice has a reputation for developing strong client relationships and offers high level services in an efficient and comprehensive manner.

The practice has experienced steady growth with good cash flow to owner. Web marketing efforts continue to bring in new clients. Business clients include manufacturing, IT consultants, construction, professionals, and various service-related industries.

The majority of the clients visit the office and appreciate the opportunity to sit down and discuss their returns in person. Located in a sought-after business area in Etobicoke, this practice maintains a professional but casual and friendly atmosphere.

Employees are competent, long-term staff who work well as a team and are committed to high quality work. Work schedules are flexible to accommodate both workload and life circumstances. The owner organizes yearly seminars to allow staff to update their knowledge on current tax laws and trends in order to continue to offer their clients the up-to-date tax services that they have come to expect.

Ideal buyer

The ideal buyer should have several years of accounting and tax experience, be technically capable, and be able to manage an office and team. They will be experienced in dealing with the needs of owner-managed businesses and enjoy working with the small business community. The firm is known for offering creative tax solutions to its clients so a tax specialist would be ideal for this practice. The buyer will have good interpersonal skills and the ability to demonstrate integrity in the quality of their work and communications with clients. Maintaining this approach to service will continue to bring in referrals.

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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 centre, 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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