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Southern Okanagan Valley, BC Accounting, Bookkeeping & Tax Practice for Sale
New
Listing #: BC5220
Location: British Columbia
Type: TAX BOOKKEEPING Other
Annual Revenue: $595,000
Asking Price: $700,000
| Presented by: |
 |
| Sonia Albert |
| Toll Free: 877-606-8622 |
 |
| Alan Liverman |
| Office: 514-819-8088 |
Description:
Alan Liverman is pleased to introduce:
•Well established Accounting, Bookkeeping and Tax practice with overall revenues:
- Accounting services and corporate tax – 82% of revenue with 36 corporate clients generating $383,700 of revenues.
- T1s – approximately 10% of revenue with 102 clients averaging $439 per return.
- Other recurring services approximately 8% of revenue.
- 2024 revenues up 27% YTD Six Months April, 2024
•Excellent cash flow to owner
•Owner is a CPB (Certified Professional Bookkeeper) and FDFA (Fellow Distinguished Financial Advisors from the Knowledge Bureau) and a DMA (Personal Tax Specialist Distinguished Master Advisor)
•Practice established in 2006.
•Diverse scope of industries served.
•Approximately 2,400 SF of office space in a professional building including 7 private offices, conference room, kitchen and boardroom and storage facilities, very clean and quiet environment with ample free parking. Monthly rent is $3,500, lease assumable and expiring in June, 2029.
•Team consists of owner (full time), five full time employees plus one additional fulltime and one part time in tax season. Other than the owner, all are available to continue with the buyer.
•Seller will be available for an orderly transition in order to ensure a smooth transition to the new owner.
•Software in use: use Sage, TaxCycle, QB Online & Desktop.
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