About This Practice
This long standing CPA practice is well-rooted in a prosperous region in southern Ontario. Provided services include a desirable mix of compilations (NTR’s & T2’s), some personal tax (primarily related to business clients), 11 reviews, 2 audits, minor bookkeeping, minor estate tax, and some consultancy. Clients are long-term and loyal. The client portfolio is comprised of a number of high-net-worth clients in stable industries. Reputation and referrals have built the practice with much future opportunity from the same. Staff are equally long-term, dedicated, and highly capable. Roles are well defined; workflow is efficient.
Except for high-level work, most work is delegated and readily managed by the staff. Clients appreciate the personable service that comes with the firm’s Team approach. Culture and dedication are strong as a result of the positive work environment and healthy work/life balance provided. Systems are industry-standard, current, secure, and offer the ability for remote work. The office has lease or purchase options (Seller-owned). Clients and staff enjoy a professional and bright office, purpose-renovated as a professional office.
Chatham and the surrounding area offer an excellent and growing small business market along with amazing lifestyle and cultural amenities. Proximity to the US also opens up possibilities for cross-border services. This is an excellent opportunity to purchase a proven, opportunity-rich, turn-key practice; ideal for a growth-focused single owner or a practice looking to gain an immediate and prominent presence in a growing and desirable area of southwestern Ontario.
The Ideal Buyer will be a CPA and will have a Public Accounting License for the current review and audit work (~6.8% of overall revenue). The Buyer will also have strong general business knowledge and experience. The Buyer will understand that the practice works with family owned/managed businesses – entrepreneurs – who are relying on help with their accounting, financial matters, and taxes. A Buyer who offers genuine and quality help will maintain the trust the clients have in the practice. A Buyer will want to have experience in managing a practice and a Team. A strong relationship builder will be able to maintain and continue the current and future Team culture and client relationships established by the Seller. Strong ethics, integrity, and the ability to work well with people of all ages are key attributes noted by the Seller.
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