Profitable CPA Practice in northern York Region

About This Practice

This long-established CPA practice has grown over time based on its earned reputation for quality work and personable service. Current services include compilations (NTR and T2), personal income tax preparation, bookkeeping and accounting services, business tax, advisory and consulting. The client portfolio is industry-diverse, and clients are ideal in size. Client retention is very high; clients are long-term and loyal. Staff are very strong, technologically progressive, and highly capable with one staff being a CPA and another a CPB. Staff are client-facing and work very independently allowing the owner to focus on the higher-level work. Staff are long-term and committed.

While the owner has managed growth to their preferred practice size, they have identified a number of lucrative growth opportunities for the practice. The practice has been built solely on reputation and word-of-mouth. Referrals come regularly from existing clients and industry colleagues. The office is right sized for the practice. Clients enjoy visits in the professional atmosphere and staff appreciate the bright windowed working environment. The office and signage are very visible being front facing on a busy commercial street. Easily accessed by a vibrant local small business market and beyond by major routes. This practice offers tremendous opportunity to a Buyer looking for high quality staff, ideal clients, and excellent growth potential!

Ideal Buyer

The ideal Buyer will be a CPA with strong experience in the services offered by the practice. The Buyer will also have strong general business knowledge. Experience managing and developing a team will be important, particularly for a Buyer looking to grow. Proven relationship building skills and experience will be key qualities for a Buyer as the staff and clients are familiar with highly personable environment and service. A technologically progressive Buyer will have great opportunity to build more technology, efficiency, and value-add into the practice, and will benefit from the technologically progressive staff. Because clients appreciate office visits, and because staff are local to the office location, the owner has suggested a Buyer either maintain the current office or have an office reasonably close to the current office. The Buyer will recognize the quality staff, excellent client portfolio, and strong growth potential of the practice. This is an excellent opportunity for many Buyer scenarios including an existing practice owner looking to add high quality staff and great clients, or a Buyer looking to own their own practice with an amazing head start.