Very Profitable CPA practice for sale in South York Region

About This Practice

This practice is on hold and no longer taking new buyer interest.

This is a very profitable CPA practice with an excellent client portfolio and staff. The practice provides compilations, tax advisory, reviews (9), trust work, and personal tax associated with the corporate clients. Clients see the value in the service and are willing to pay strong fees. The portfolio is industry-diverse, stable, and ideal for long-term retention and growth. Clients often provide referrals. The Sellers hand-choose their clients to suit their ideal. Staff are highly capable. Clients appreciate the team-approach to service often commenting on the personable and professional nature of the staff. The Sellers focus on the high-level work. Seller hours are individually low at ~1,000/year each (X 3 owners). The Sellers are looking for an ongoing work arrangement with the right Buyer making this an excellent opportunity for a Buyer who aligns with a longer transition period. The office is very attractive and professional. An excellent location provides easy access locally and from major routes. Systems are modern and secure. This is a rare opportunity that would suit many Buyers – ideal as a growth acquisition, and equally ideal for a Buyer looking for ownership with longer-term Seller involvement.

Ideal Buyer

The ideal Buyer will be well-experienced in the services provided by the practice. The practice currently does 9 reviews which make up ~8% of overall revenue. A Buyer wanting to retain these reviews and the additional related billings will need a Public Accounting License or a means to handle this work.  A Buyer will also have strong general business knowledge. The Sellers are looking for an ongoing working relationship with the Buyer; the ideal Buyer will see this as a strong opportunity. A growth-minded Buyer will also see the expansion opportunities within the practice. This is an excellent opportunity for many Buyer scenarios including a Buyer looking to add a great client portfolio and staff to an existing practice or a Buyer looking to move into ownership while having the support of the Sellers in an ongoing work arrangement.