New
Whistler/Squamish Area, BC Bookkeeping Practice For sale
Listing #
BC5838
Location
British Columbia
Annual Revenue
$560,000
Asking Price
$649,000
Type
Presented by:
Sonia Albert
Toll Free: 877-606-8622
 
Alan Liverman
Office: 514-819-8088
Description:
Alan Liverman is pleased to introduce:
• An established very profitable bookkeeping firm with offices approximately 90 km north of Vancouver.
• $510,000 of bookkeeping billings of which 92% are monthly clients providing a consistent cash flow .
45 Monthly clients; 21 Quarterly clients. The quarters are specifically spread out so they don’t all fall in the same quarter.
• $50,000 of annual rental income (see below) for total recurring revenues of $560,000
Practice’s gross revenues have grown an average of 17% per annum for the last six years
• Practice does not process any T1 or T2 tax returns 
Software: 50% QBO, 50% QB Desktop
Existing staff members plus one remote worker will follow with the practice and join the buyer.
1,500 SF of office space owned by the seller, 10 workstations in an open office environment plus 2 enclosed offices, a reception/waiting area and an enclosed lunch/meeting room. Offices were built to order by the seller in 2018.
Significant room for expansion as seller rents out 8 workstations on a month to month basis (which can be terminated at any time to make room for expansion).
Subleased work stations generate $50,000 to $60,000 annual rental income which will be passed on to the buyer
• Seller is highly motivated to sell the premises with the practice but if necessary, is also willing to sign a long term lease with the buyer.
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