Well-established full-service CPA Practice in York Region

About This Practice

This is a very well-established and well-regarded CPA practice. The practice offers a thorough compliment of services including compilations (NTR’s), reviews (12), audits (2), corporate tax (T2), personal tax (includes T1’s and T2125’s, very few stand-alone T1’s), T4/T5 preparation, tax advisory, and bookkeeping. The client portfolio is made up primarily of corporate owner-managed clients. Clients are very loyal with ~83% at 5+ years. Staff are very capable and committed. Clients appreciate the quality work and high level of service the practice provides. Reputation is very strong leading to many referrals and new client inquiries, one example of the many growth opportunities available in this practice.

Systems are current and secure. The practice has full remote work capability through systems access and a secure client portal. Very few clients attend the office anymore. The practice uses industry standard software and platforms; a Buyer looking to move even further toward the cloud has an excellent head-start with this practice. The practice is well-established and well-located in York Region, central to a strong and broad regional market, and easily accessed by surrounding city centres. The office is attractive and bright with good signed exposure and ample parking. This is an ideal practice for many Buyer scenarios, but for every scenario the Buyer will want to be ready for growth. This is an excellent present and future opportunity that a driven Buyer will not want to miss!

Ideal Buyer

The ideal Buyer will be a CPA with strong experience in the services offered. A Buyer will need to have ability or a plan for the LPA work (12 reviews, 2 audits) which makes up ~17% of overall revenue. The Buyer will also have experience managing and growing a team. A proven relationship builder and strong communicator will carry on the team culture, and will do well with the current and future clients. The practice services clients from a wide regional market; a community-minded Buyer will have strong opportunity to capitalize on the local demand, and a cloud-minded Buyer can use the practice’s ability to service remotely to allow an infinite geographical market. This is a great opportunity for a Buyer who has strong growth goals and plans. A development-minded Buyer will be able to layer in technology to gain efficiency, capacity, and further the ability to take in new business. If you’re ready to add high quality staff, a great client portfolio, and lots of opportunity to your existing practice, or if you’re looking to make the move from industry, this very well could be the practice you’ve been looking for!