Bookkeeping and Tax Practice for Sale in Toronto

Designation:	Accounting Firm
Location:	Ontario
Status:	SOLD
Listing ID:	ON2027
Asking:	$165,000
Annual Gross:	$165,000
Reason for Selling:	Retirement
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About This Practice

This is an established full-service bookkeeping and tax practice in west Toronto serving primarily business owners. Bookkeeping and payroll services provide consistent revenue and cash flow throughout the year. Cash flow to owner is good and revenue is on the rise. Services are priced in fixed-fee packages.

The firm enjoys a reputation for quality work and commitment to great service. Client confidence is high, and revenue continues to grow through client referrals. Clients appreciate the attention to detail and that their accounting needs are managed for them. Most clients come to the office with some client visits.

Ideal Buyer

The ideal buyer will have several years of accounting experience with business and personal clients. Good tax experience would be helpful to this client base. The buyer will be a personable with a relational approach to clients. Clients are used to someone with a service oriented mindset who takes the time to understand their business. This would be a great book of business to add to an existing practice with capacity to accommodate the growth.

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About the Area

Toronto is located along Lake Ontario’s northwestern shore and covers an area of 630 square kilometers. It is Canada’s largest city. Toronto is repeatedly and consistently ranked at the top of international indexes for competitiveness, innovation and livability, and ranks as the tenth most economically powerful city in the world. According to Forbes, powerful cities such as Toronto attract investment due to the size of their economy, their projected future prosperity, cost of living and quality of life. Toronto is Canada’s financial and banking capital and holds North America’s third largest concentration of private IT companies. In addition, Toronto is a major industrial centre, producing more than 50 percent of Canada’s manufactured products.

Toronto is one of the world’s most multi-cultural cities, which adds to the city’s rich diversity of foods and restaurants, languages, arts and entertainment. It’s home to 6 major sports teams, six opera companies, 2 symphonies, several art galleries and over 50 ballet and dance companies. Toronto has a diverse array of city squares and public parks, including Rouge National Urban Park, which is the largest in North America. Toronto also has a number of post-secondary academic institutions including University of Toronto, which is ranked as one of the top 50 universities in the world, and is number one in Canada.

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