Established Peel Region CPA Practice with strong future opportunities

This is a well-established practice with a strong future and many opportunities. The practice currently offers services in the areas of bookkeeping, corporate tax, business tax, personal tax, compilations, and payroll. A strong reputation evidenced by regular referrals and word-of-mouth inquiries has led the growth of the practice. Clients are long-term and loyal. The client base is focused on a professional services niche, and has a diversity of other industries as well. This type of client portfolio offers a Buyer excellent opportunity to mine the niche for ongoing referrals and related services, while at the same time providing opportunity to diversify into other client industries. The staff are highly capable, reliable, and committed. Client facing staff are often complimented for their personable, timely, and high-level service. The practice operates very efficiently. Workflow is smooth and productive. Much of the practice’s revenue is monthly recurring which provides steady cashflow and almost no AR.

A key attribute to this practice is its readiness to move into remote/cloud format. Almost all clients are serviced remotely, the systems are set up for remote work, and staff are receptive to a remote work model. The owner has held the practice to their preferred size, but many valuable growth opportunities are available to the Buyer. The Seller has identified several additional in-demand service opportunities, including strong potential for related financial planning services. The practice currently operates in Peel Region. With the ability to service remotely, the client market is near infinite, and with the ability to work remotely, relocation or moving to a remote/cloud format are future options for a Buyer. If you’re looking for a strong, stable, practice that has excellent future growth and operational opportunities, you will not want to overlook this one!

Ideal Buyer

The ideal Buyer will be very well experienced in all of the services currently offered by the practice. Strong business knowledge is required, as is the ability to manage and grow a team. The Buyer will be business savvy, and recognize and be able to build on the opportunities within the professional services client niche. Ideally the Buyer will have existing capacity for some of the work of the practice, along with the growth available to the practice. A Buyer who understands both a local market approach and a virtual market approach will have the option to develop the practice in either or both directions. A Buyer with knowledge and experience with financial planning will have great opportunity to leverage those types of services within the existing client portfolio, but with that noted a CFP Buyer will also have strong experience with the current services of the practice or a viable means to fully handle that part of the practice. A future-focused Buyer will recognize this practice as ideally positioned to move to a remote/cloud format.

This practice offers many Buyer scenarios, including a Buyer looking to move into practice ownership, an existing practice looking to onboard excellent staff and clients, a growth-minded Buyer looking to expand into a lucrative niche market or diversify into a broader industry portfolio, and certainly a future focused Buyer looking for a practice that’s ready to move toward remote/cloud operations.