Description:
• A boutique cloud-based CPA accounting firm, 100% English speaking, is for sale. • In existence for more than ten years, with only corporate clients (approximately 100) and a completely automated process. • Owner is a CPA working a 5 to 15-hour work week, alongside a strategic partner working a 5 to 7-hour work week. • Two employees are based in Toronto and one is in Montreal. Practice can be run anywhere in Canada. • 2023 gross revenues to date are estimated at $740,000. • Software in use: Xero, DTFormmax, DTMax, RightSignature, Google Drive. • Non-Bookkeeping corporate clients are charged $350/month. • Full-service corporate clients including bookkeeping services are charged $860/month. • Off-package services: bookkeeping, corporate tax and personal tax fillings for corporate clients are between $70,000 and $80,000. • 2022 annual cash flow, including owner's salary and benefits, personal vehicles, and other non-operational expenses of the business: $408,185. • The revenues have steadily grown annually, and the firm has the potential for further growth. • No lease. Virtual practice.