Established Bookkeeping Practice – Remote & Client-site Service

Designation:	Bookkeeping Firm
Location:	Ontario
Status:	SOLD
Listing ID:	ON2090
Asking:	$145,000
Annual Gross:	$132,427
Reason for Selling:	Career Change

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About This Practice

This is a well-established bookkeeping (and very minor tax) practice that provides a mix of remote and client-site service. Clients are concentrated in easily accessible areas making the client-site work viable. Staff are provided autonomy to work independently and are supported by the owner as needed. With the remote operation model, along with client-site service, the owner has developed a management approach that provides an effective mix of autonomy and support. Staff are well-trained and very reliable in meeting their responsibilities. Off-site work and employee responsibilities are clearly defined. Staff are loyal and have non-solicitation agreements in place. The owner and the employees conduct their work on a remote model which minimizes overhead and expense. Clients appreciate the on-site service that is becoming increasingly difficult to find in today’s market. This is a great opportunity for a buyer looking to own, manage, and grow their own practice and team!

Ideal Buyer

The ideal buyer will recognize the diminishing supply of client-site service in this industry and will leverage this practice’s proven ability to fulfill this niche for clients with this preference. Bookkeeping experience is a must for a buyer seeking to capitalize on profitability, along with supporting their team of bookkeepers. The ability to maintain or grow the tax component of the practice is a bonus. This practice has a couple ideal buyer scenarios including a buyer looking to come out of industry and own their own practice, or a practice looking to add in a solid client portfolio with a client-site component.

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About the Area

North York is one of the six administrative districts of the Greater Toronto Area. As of the 2016 census, it had a population of 869,401. North York Centre continues to be one of Toronto‘s major corporate areas with many office buildings and businesses. Health care is another major industry in North York, with the district housing several major hospitals, including the North York General Hospital, Humber River Hospital and the Sunnybrook Health Sciences Centre.

Several post-secondary institutions were established in North York. York University is a university that was established in 1959. The university operates two campuses in North York, the Keele campus located in the north, and Glendon College, a bilingual campus operated by the university. There are also two colleges that operate campuses in North York. Seneca College was established in North York in 1967, and presently operates several campuses throughout North York, and Greater Toronto. One of Centennial College‘s campuses are also located in North York, known as the Downsview Park Aerospace Campus.

North York is an eclectic, multicultural district home to the hands-on Ontario Science Centre and the Aga Khan Museum, with exhibits on Islamic culture in a striking modern building. In the area’s north, Black Creek Pioneer Village is an 1800s living museum. Sprawling Downsview Park includes a lake, event spaces, and a flea and farmers’ market, while Edwards Gardens has a greenhouse, fountains, and botanic gardens. North York houses two of Toronto’s five major shopping malls: the Yorkdale Shopping Centre and Fairview Mall. Other neighbourhood malls locations include Centerpoint Mall, Bayview Village, Sheridan Mall, Yorkgate Mall, Shops at Don Mills, Steeles West Market Mall, Jane Finch Mall and Sheppard Centre.

North York is a vibrant and growing hub for business and recreation – a great place to live, and grow your practice!

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