Long-standing profitable CPA practice in Niagara Region

Listing ID:

ON2123

Annual Gross:

$510,908

Asking Price:

$595,000

Status:

SOLD

Designation:

CPA Firm

Location:

Ontario

Reason for Selling:

Retirement

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About This Practice

This is a well-established and profitable CPA practice with a very desirable client portfolio along with a strong and committed team. Service mix includes compilations, corporate/business/personal tax, reviews (8), bookkeeping, tax advisory, and minor estate work. The practice has earned an excellent reputation for high quality work and personable service. Clients are longstanding and loyal; many are high-net-worth generational clients. Referrals and inquiries are common. Although the Seller has chosen to maintain the practice’s current size, opportunities abound. Paperless office. Platforms and software are industry standard; adoption of technology has been embraced by staff and clients.

Staff are long-term, committed, and very capable. Clients appreciate and often compliment staff for their work and personable service. Owner hours are very reasonable, the Seller and staff maintain a very healthy work-life balance. Systems are current, secure, and support full remote operation. The office is bright, modern, and professional. Location is excellent, ideally situated close to Niagara’s largest cities. All the best of Niagara is nearby including Niagara’s wine region at the doorstep. Many growth opportunities exist for the practice and the Buyer. This is an excellent opportunity for an entrepreneurial Buyer ready to build their future in one of Canada’s most beautiful regions.

Ideal Buyer

The ideal Buyer will be a CPA with strong experience and ability in the services provided by the practice. The Buyer will be an LPA or have ability to handle the LPA work (reviews) of the practice which is tied into other revenues within the practice. The Buyer will have experience managing and growing a team of professionals. Strong relationship-building skills and a personable style are a must as the clientele are often high-net worth clients who are familiar with this type of relationship. Strong general business knowledge is also required. The strong roots combined with equally strong growth opportunities will perfectly suit an entrepreneurial and growth-minded Buyer. The right-fit Buyer will see this practice as an excellent opportunity to build their future.

About the Area

In addition to being one of North America’s most popular tourism destinations, the advantages to doing business in the Niagara Region has never been better. The Niagara Region offers professional businesses a very strategic location, lower cost of doing business, a highly trained workforce, excellent educational institutions, leading edge research and innovation, and fantastic lifestyle opportunities.

Niagara Region is Ontario’s 2nd most competitive centre for business and is located in the heart of one of North America’s busiest economic trade corridors. It’s home to 42k+ businesses and has a population nearing half a million residents. Half of North America’s population is located within a one-day drive making Niagara an ideal location to easily connect for business. Niagara is also a critical hub for trade between Canada and the United States. One of the most convincing arguments for doing business in Niagara is the calibre of companies who choose to operate in Niagara – Niagara is home to a diverse range of successful multi-national companies. In comparison to other urban centres, real estate in Niagara is incredibly affordable – in 2019 Niagara was ranked as the 5th best location in Canada for real estate investment. The many benefits of living in Niagara is motivating an increasing number of Torontonians to trade the bustle of the big city for the wonder of wine country.

Niagara’s signature natural landscapes and outstanding recreational amenities aren’t just for entertaining tourists. New residents discover world-class wineries, the Shaw Festival Theatre, 40 golf courses, scenic cycling and hiking trails, casinos, and concerts that make every weekend feel like a vacation. Add in affordable home ownership, great schools, a stress-free commute and crime rates that are well-below Canada’s already incredibly safe average, and it’s no wonder people from around the globe are choosing to call Niagara home.

The region that was once mainly known for its world wonder of a waterfall is attracting a different kind of attention of late. While millions of tourists still arrive each year to play, a growing number of families and businesses are discovering that there are just as many reasons to stay. Perfectly positioned between the US Northeast and the Greater Toronto Area, the Niagara Region offers businesses some serious strategic advantages. While Niagara Region’s location in the heart of one of North America’s busiest economic trade corridors is key, there is so much more to Niagara Region’s business story. An amazing place to grow your practice!! https://niagaracanada.com/data/regional-quick-facts/

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Long-standing profitable CPA practice in Niagara Region

About This Practice

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