Well-respected and profitable CPA practice with excellent growth opportunities in Newmarket/Aurora

This is a well-respected and profitable CPA practice with an excellent client portfolio and huge growth opportunities ahead.

The practice has exceptional profitability at ~76% (2025) and has maintained this profitability consistently year-over-year.

The practice offers the most in-demand service lines including compilations, corporate and personal tax, bookkeeping, tax advisory, and minor consulting/training.

The owner has taken a managed growth approach with a steady year-over-year growth trend of ~7%. While referrals and incoming new client inquiries have been turned away, this managed approach has allowed the practice to take on and maintain only the highest quality clients.

The practice has earned an excellent reputation for quality work and personable service. Referrals are common from the existing client base and industry colleagues, as are new client inquiries based on word-of-mouth reputation. The practice maintains a very high service level for their clients which has contributed to excellent long term client retention.

The client portfolio is ideal – industry diverse, long term, and high quality. There are no overly large clients or any client concentrations.

Staff are not anticipated to move along with the practice on account of retirement.

The office is contemporary and ideal as a professional accountancy office. Bright windows provide lots of natural light. The office is ground floor with direct access to ample convenient and free parking. Signage is highly visible on a busy commercial street.

The office is very well located in a busy commercial core, and is easily accessed locally and by major routes. The area is continuously growing with ongoing new small business client opportunities.

While the owner has chosen to maintain the practice at its current size, the owner has identified key opportunities for future growth:

• Hire and Grow:  The practice is continuously receiving referrals and new client inquiries. Simply hiring capable staff will allow the practice to take on the new business that is currently being turned away. For a Buyer that brings or adds additional capacity, the volume of available business will allow the Buyer to expand quickly.
• Additional Services:  The practice provides services in the most in-demand service lines but has noted strong interest from both the existing client base and new client inquires for additional services including specialty tax services and assurance work.
• Expansion of Existing Services:  While the practice does some minor bookkeeping, the owners have noted demand for this service. Bookkeeping is a lead-in service for future accounting services, and allows a practice to be more full-service.
• Marketing:  The practice does no marketing and has grown solely on reputation and referrals. A growth-minded Buyer could readily do some low cost/high return marketing to bring in more of the available business in the local and surrounding areas.
• Virtual Service:  The practice currently operates more locally but continues to do less ‘in-person’ work. A Buyer looking at growing virtually/cloud-based has an excellent opportunity to continue to build toward a partial or fully remote service model.
• Community Involvement:  The area is commercially vibrant – a Buyer looking to expand deeper into the local area has excellent opportunity to become involved in the local community. Many opportunities exist to continue to grow the practice as the local go-to for accountancy services.

This is truly an exceptional opportunity – do not delay in following up if you feel this could be a great fit for you!

The ideal Buyer will be a seasoned CPA with strong experience in the service lines of the practice.

While not required, an LPA Buyer will have opportunity to take on the demand for assurance work that is currently being turned away.

The practice requires an owner who is both professional and personable – clients are accustomed to high quality work and excellent service.

The Buyer will have the professional knowledge and experience to be considered a trusted advisor by the clients of the practice. 

A relationship builder will do well with the existing client portfolio, and the business relationship opportunities available locally.

The Buyer will want to be growth focused. The opportunities for growth are many, and the amount of available good business is continuing to grow quickly as the area expands.

This is truly an exceptional opportunity – do not delay in following up if you feel this could be a great fit for you!

The Newmarket/Aurora area is a great place to live and work especially with recent improvements in rapid transit and many newly proposed and built state of the art office space and condos. The area is renowned for a collaborative business spirit where public sector organizations and the business community work together to advance opportunities. Businesses owners appreciate the co-operative relationship between the town and amongst its local businesses and the many opportunities to engage in leading the future direction.

Local businesses play an active role in establishing the future of the area by participating in the Economic Development Advisory Committee, Smart City Council, and many informal business networking groups in the community. This environment of collaboration and innovation is one in which partnerships bloom and businesses flourish. The area provides both established and growing businesses with a strong business environment and access to highly skilled workers. 

Additionally, the area has some of the lowest commercial tax rates in the Toronto Region, a supportive and engaged economic development team and council and a proactive approach to providing all businesses the opportunity to grow. Residents enjoy great careers, amenities, restaurants and shopping all close to home. Half of the area’s residents commute less than 30 minutes to work every day and more than 70% are employed within York Region. With a quickly growing residential and commercial population, great restaurants, a regional healthcare facility, and much more, Newmarket/Aurora area is a great place to live, and grow your practice!