About This Practice
This is an excellent book of business being offered by a retiring owner in the Kitchener/Waterloo area, one of Canada’s most vibrant small business regions.
A well-rounded service mix includes compilations, corporate tax, audit work, bookkeeping, personal tax, and minor consulting.
The client portfolio is well-established, loyal, industry diverse, and contains no concentrations. Clients are billed at time of service and pay promptly.
Referrals from clients are common.
The owner has one long-term subcontractor who they describe as “Highly competent, very knowledgeable, excellent with client relationships, the best employee I have had anywhere”. The subcontractor is very familiar with the clients and the operations of the practice; the Seller feels the subcontractor would be very valuable to any Buyer. The subcontractor is interested in moving to the new owner with the sale.
Growth opportunities are strong through the ability to build onto the current service lines, and take in the referrals that are currently being turned away.
This is an excellent and achievable opportunity for many Buyer scenarios including a Buyer looking to own their own practice, or a Buyer looking to onboard a portfolio of ideal clients.
Ideal Buyer
For the purpose of the audit work, the ideal Buyer will be an LPA who is well-experienced in the services provided to the clients. A Buyer purchasing to begin a practice will also have strong general business knowledge.
The owner notes the ability to build relationships as a key Buyer attribute, as the clients are familiar with genuine client care and attentive response timelines.
A Buyer will have the opportunity to take on the subcontractor who is very familiar with the clients and current overall operations.
Ideally, the Buyer will be growth-minded, as much opportunity exists for many Buyer scenarios.
A Buyer looking to own their own practice can use the available time to build the client portfolio, in part through referral follow up, and also through new client availability in the strong local small business market
A Buyer looking to add ideal clients to their existing portfolio can benefit also from the subcontractor who can continue supporting the clients, and others of the Buyer’s existing practice.
In any scenario, this is a great opportunity to move your growth goals to the next level!
Request Full Profile
Sort by: