This is a desirable opportunity being offered by a retiring accountant. Currently operated as a long-standing local practice, a Buyer could readily take over the practice and associated local growth opportunities. There is equal opportunity for a less local Buyer to onboard the client portfolio into an existing practice.
Service Mix: The service mix includes compilations, corporate tax (T2’s), personal tax, minor consulting, and 11 reviews. The 11 reviews (plus associated work) currently make up ~$51,630 (14%) of the annual revenue. The Seller notes that 4 of these reviews could be converted to compilations which would leave only 7 reviews that would then make up $21,575 (~6%) of annual revenue.
Revenue: $360,722 (2025 completed), $366,500 (2026 projection with April Y/E).
Profit: Normalized profit is strong at ~73% (2025 completed).
Owner Hours: Owner hours are low at approximately 1,300 hours/year. This provides the Buyer opportunity to apply time to additional clients and business development, or enjoy a desirable work/life balance.
Software & Platforms: QBO, QB, Sage, Hubdoc, Plooto, CCH iFirm (Engagement, Taxprep, Job, Billings, Documents, and Connect), Snap Projections, MS Suite. Systems are current and secure. IT is currently managed and hosted by remote IT provider.
Staff: The Seller sub-contracts part-time staff for the 2 months of March and April to assist with tax season. Total compensation paid in 2025 was $27,235.
Clients: The client portfolio is well-established, loyal, and industry diverse. Clients are billed at time of service and pay on time. Client longevity is strong. Clients often provide referrals providing a strong opportunity for a growth-minded Buyer looking to expand the client base.
Opportunities: The Seller notes that bookkeeping is often requested but currently referred out, and the Seller is no longer doing estate work, terminal tax returns, audits, or accepting new personal tax clients, all strong potential areas of future growth. A Buyer could bring these and other services in-house and capitalize on this additional revenue, and also the related and future services that clients often grow into. The Seller has not been actively marketing for new clients – another growth opportunity for the Buyer.
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.
Operational Structure Options: The Seller currently operates from a professional office in a commercial business building.
The Buyer has the option to:
- Maintain/Grow the practice by continuing to operate from the current location. The Seller works from the office by choice. A Buyer wishing to maintain the office and the current client interactions/operations format could expect to spend ~2 days/week in the office.
- Relocate the clients to a different office location;
- Remote service the clients in a cloud operational format.
Reason for Selling: Retirement
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