Well-established portfolio of high-quality clients.

Designation:	CPA Firm
Location:	Ontario
Status:	SOLD
Listing ID:	ON2093
Asking:	$150,000
Annual Gross:	$136,925
Reason for Selling:	Retirement

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About This Practice

This is a small, well-established boutique firm comprised of loyal and non-complex clients in desirable industries. Client engagements include compilations, reviews, personal and corporate tax, and minor estate work. Very strong cashflow to owner at ~76%. The seller operates on their own, having seasonal access to a subcontractor if they wish. Owner hours are very low. This is an excellent opportunity for several purchase structures including a buyer who is looking to leave industry and own their own quality firm, or a buyer who is looking to fast-track the expansion of their existing client base with the addition of high-quality clients.

Ideal buyer

The ideal buyer will be a CPA with a Public Accounting License for the review component. Good general business knowledge will also be important for a buyer looking to start their own firm. The buyer will be a great relationship builder, able to foster existing relationships and build new ones. The buyer will have strong experience and success with dealing with owner-managed businesses. While not required, a buyer who is able to offer additional services will have great opportunity within the existing and future client base. This is an excellent opportunity for several purchase structures including a buyer who is looking to leave industry and own their own quality firm, or a buyer who is looking to fast-track the expansion of their existing client base with the addition of high-quality clients.

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About the Area

The Regional Municipality of Waterloo is located in Southern Ontario and consists of the cities of Kitchener, Waterloo, and Cambridge as well as the townships of North Dumfries, Wellesley, Wilmot, and Woolwich. At 630,000+ population, this region is one of the fastest growing communities in Canada and has a dynamic and diverse economy. Small businesses and start-up companies make up a large portion of the workforce which has helped to accelerate innovation and growth in the area. In addition, the Waterloo Region is home to industry giants such as Blackberry, Toyota Manufacturing Canada, Manulife, and Sun Life Financial.

This region has all the resources of a large urban centre while maintaining the character of a smaller rural community. For those who love the outdoors, there is over 150km of trails including the popular Kissing Bridge Trailway. There are many museums and theatres to explore, and a variety of festivals to experience including the popular Kitchener Blues Festival, Kultrun World Music Festival and Oktoberfest. Waterloo region is home to 3 highly ranked post-secondary schools with over 65,000 students. Wilfrid Laurier has the largest business co-op education program in Canada and offers over 110 programs for students. University of Waterloo is renowned for its strength in computer science and engineering and has the largest co-operative education program in the world, with more than 20,000 students. It has also been ranked #1 as Canada’s most innovative university for the past 27 years as reported by Maclean’s magazine.

Waterloo Region provides the perfect balance between new and old, rural and urban, nature and technology, classical and contemporary, tranquility and adventure. Visit Explore Waterloo Region to get information on events, places to eat, and things to see and do. An amazing place to call home, a grow your business!

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