A desirable CPA opportunity in Toronto with options to purchase as a book or a practice

About This Practice

This is a desirable purchase opportunity being offered by a retiring accountant.
The service mix includes compilations (T2’s, T-slips, minor bookkeeping), personal tax, minor trust work, 1 review and 1 audit.
The client portfolio is well-established, loyal, and industry diverse.

Clients often provide referrals which are currently being turned away as the Seller is not looking to grow the portfolio further at this point in their career – a strong opportunity for a growth-minded Buyer looking to expand the client base.

Buyer Scenarios: This is an excellent and achievable opportunity for many Buyer scenarios including:

•  A Buyer looking to own their own practice with an immediate client base.
• A Buyer looking to onboard a portfolio of ideal clients into an existing practice.

Structure Options: The Seller currently operates from a Seller-owned professional office in a commercial business centre. The
office and staff are shared with other accountant partners, each with their own personal books of business. The office has room
for future growth. Currently the Seller’s office along with 4 additional staff offices are available.

The Buyer has the option to:

• Relocate the clients to an existing office or different office location (current shared staff would not be part of a Buyer relocation).
• Rent the proportionate share in the current office arrangement from the Seller and continue to operate with existing shared staff, or bring/hire Buyer’s own dedicated staff.
• Purchase the premise from the Seller and rent the proportionate share to the current accountant partners and continue to operate with existing shared staff, or bring/hire Buyer’s own dedicated staff.

Ideal Buyer

For the purpose of the assurance work, the ideal Buyer will be an LPA who is well-experienced in all the services currently provided to the clients. A Buyer purchasing to begin their own practice will also have strong general business knowledge. The Seller specifically notes that the Buyer will be a strong relationship builder; the clients are familiar with genuine care, attentive follow up, and good communication. The Buyer will recognize this is a desirable portfolio of clients and will see the additional value of the referral and service expansion opportunities that the client portfolio offers.

This is an excellent opportunity to move directly into your future with a solid client portfolio and gainful growth options.