Description:
•Very successful CPA firm with an excellent reputation in central Alberta, buyer MUST be a CPA to purchase this practice. • Ideal buyer will have to replace two outgoing partners who work full time in practice •Superior cash flow to partners of $1.0 M (79%) •Firm has been in existence for 27 years and partners are ready for semi-retirement (see note below) •Service breakdown: Personal tax (both walk-in and corporate clients)16%, Corporate tax, NTR 62.6%; Audit/review 13.5%; Specialized Consulting 7.9% •Wide scope of industries served including oil and gas service and support, retail, service and professionals and NPO •Well qualified long term staff will stay with new owner •Partners wish to retain approximately $200,000 of billings of close family and friends and will sign complete non-compete and non-solicitation agreements as necessary. •Approximate net billings after above deduction in 2020 were $1,066,438 •Partners own the building where the practice is located and is available for purchase separate from the practice.