About This Practice
This CPA practice is very well established and has earned an excellent reputation for quality work and professional service. The practice offers a thorough complement of services including compilations, audits, reviews, T1’s, T2’s, bookkeeping, estate work, and consulting/advisory. Strong organic growth comes from regular referrals and word-of-mouth based on the practice’s highly regarded reputation. The client portfolio is ideal being very loyal, industry diverse, and no risk industries. Clients are ideal in size with no overly large clients. The owner has built an excellent team of highly capable, dedicated, and reliable staff. The organizational chart is well structured to facilitate strong operational management, work efficiency, and opportunity. The staff are client-facing which will be very valuable in ownership transition. The practice is fully able to operate in a hybrid format with some staff working remotely. The hybrid format allows great opportunity for ongoing future growth using a local and/or proven remote staffing and work model. Workflow is streamlined with most work delegated within a well-organized structure. The office uses industry standard software, platforms, and applications. Systems are current and secure. This is an excellent opportunity for a growth-minded Buyer looking to build their practice in a strong and growing urban business area with so much opportunity!
The ideal Buyer will be a CPA and the Buyer will also either have a Public Accounting License or will have a means to handle the Audit and Review work. The Buyer will also be well-versed in general business operation, including team and business management. Clients are familiar with professional and timely service making these priorities for the Buyer. The Buyer will also be a proven relationship builder which will be critical for ongoing team development and overall practice growth. The staff are familiar with a trust environment; the ideal Buyer will be comfortable providing reasonable autonomy to the staff and team to do their work. The owner notes that the practice could be managed remotely to some degree making this practice an opportunity for a Buyer who may not be local but is looking to expand into the Ottawa area. With the very low involvement hours of the current owner, this is an excellent opportunity for many Buyer scenarios including a Buyer looking for a similar delegatory role within the practice, or a Buyer who is looking to be more involved. A Buyer who is looking to be more involved has great opportunity to handle more work within the practice and/or spend more time on business development and growth.
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