About This Practice
Built from a single client in 2007, this growing CPA practice has earned an excellent reputation for quality work and personable service. Profit is very strong ranging between 56% – 77% across the past 3 years. A desirable service mix includes corporate and business tax, personal tax, controllership, and minor bookkeeping/payroll. The client portfolio is diverse and consists of quality clients in stable industries. Staff are very capable, working independently and as a Team. Clients and industry contacts provide regular referrals and plentiful 5-star reviews. Growth has been consistent as a result of regular referrals and a high ROI SEO strategy the Seller has implemented.
Conservative projection for the current year is in excess of $300,000. Operations are systematic and efficient. The practice has the ability to operate remotely. All tech is current and secure. Very well located in a prosperous and desirable area. Several growth opportunities exist for an incoming Buyer including the addition of Audit and Review services based on existing and potential client inquiries; as well, with the practice’s ability to operate remotely and with less than 5% of clients attending the office, the practice is ready for a future-focused Buyer looking toward the cloud. This is an excellent opportunity for several Buyer scenarios including a Buyer looking to leave industry and own their own practice, or an existing practice looking to expand their portfolio/revenue in Oakville or virtually.
The ideal Buyer will be a CPA experienced in the firm’s areas of service. Strong general business knowledge is also required. Experience in managing and growing a Team will be very beneficial for a growth-minded Buyer. The ability to build and maintain relationships is essential for an owner working with clients and staff. A Buyer with the future in mind will recognize the practice’s ability to work and service remotely. A Buyer with finance and management experience will be well prepared to build on the growing demand for the practice’s fractional controllership services.
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