Established in 1991, this well established CPA practice of 35 years enjoys many long-term relationships with its loyal client base and offers a comprehensive suite of income tax, accounting, compilations and bookkeeping services tailored to both individuals and businesses. With a strong focus on assisting small businesses in Edmonton (predominantly on the south side), the practice generates most of its income through business accounting services, consultations, and specialized accounting solutions.

Above average cash flow to owner with a very low overhead.

This is not a virtual practice and buyer must service client base from Edmonton

Service breakdown:

• Accounting, Compilations and Bookkeeping services, including T2 filings for these clients, account for approximately 87% of revenue with 87 clients generating billings of approximately $415,350.

• Individual returns account for 13% of revenue with 300 clients generating billings of approximately $60,000.

   

Software used: EasyPay, QuickBooks, Tax Cycle and Caseware

1,500 SF office condo owned by the seller.The condo is offered for sale and and while the seller prefers to sell the condo with the practice, a short-term lease is also an option.The appraised value of the condo is $384,000

As there are a substantial amount of compilations, the buyer must be a CPA

The ideal buyer should posess the following qualities:

• Strong public practice experience, particularly with established and more complex client files.

• A demonstrated ability to manage and grow a successful accounting practice.

• Experience serving clients from diverse cultural and ethnic backgrounds.

• A genuine commitment to building long-term client relationships and providing exceptional client care.

• Sufficient staffing and operational capacity to ensure a smooth transition and continued quality of service.