Desirable and Reputable CPA Practice in an ideal Toronto location

About This Practice

This is a well-established CPA practice with many ideal attributes. 

The practice offers an in-demand complement of services including Compilations, Corporate Tax, Personal Tax, Estate and Family Trusts, T-Slips, Tax Advisory, and minimal Bookkeeping. 

The practice generates good profitability with a 3-year average of ~45%. 

Owner hours are on the lower side at ~1,800 hours/year, allowing a Buyer the ability to focus time on business development, or enjoy a desirable work/life balance. 

A strong reputation has been earned over many years through the provision of strong value, quality work, and personable service. This reputation has resulted in regular referrals from existing clients along with new business inquiries. 

Clients are long-term and loyal. The client portfolio is diverse and solid. The owner has built and maintained a desirable client base. 

The owner has managed the practice for many years and in doing so has built an in-house team of highly capable staff. Work is confidently delegated through a well-defined workflow process. Staff are well-trained, reliable, dedicated, and very familiar with the operations of the practice. 

While the retiring owner has chosen to maintain the practice at its current size, many opportunities exist for a growth-minded Buyer including: 

• Expansion of existing in-demand services; 
• Addition of associated and related services; 
• Intake of referrals and new business currently being declined; 
• Introduction of some active marketing. 

The highly attractive stand-alone office provides clients a professional presentation while also providing staff a great work environment. 

The street-facing office is highly visible on a busy street. Well-located in Toronto, the office is easily accessed locally (vehicle and transit) and by major routes. 

This is an excellent opportunity to acquire a great practice, a strong team, and optionally a desirable office in an ideal Toronto location.

Ideal Buyer

The ideal Buyer will be a CPA with strong experience in the services provided by the practice. Equally, strong general business knowledge is required. Experience in managing a practice and growing a team will be beneficial for a growth-minded Buyer. 

The owner has built the practice on long term relationships; the Buyer will have this same ability to build and maintain strong relationships, both for clients and staff. 

The practice has earned its excellent reputation for high quality work, good value, and personable service. An incoming Buyer will share these attributes and approaches. The owner also notes strong communication as one of the keys to the practice’s long-term success. 

The Buyer will recognize the value of the team, the value of the clients, and the value of the overall practice. 

This is a desirable opportunity for a Buyer looking to acquire a well-proven practice with strong future growth opportunities.