Description:
• Buyer must be a CPA and willing to relocate if necessary to Lake Huron area where head office of the practice is located • Very well balanced and profitable CPA tax and bookkeeping practice generating an excellent cash flow to the owner. • Practice consists of a head office and a staffed satellite location approximately 75 km from HO • Seller will sell 100% of the practice which includes both offices but will consider selling 50% of the practice immediately with a plan to sell the remaining balance in two to three years. • Billings breakdown: Bookkeeping 11%, NTR 30%, T1 46%, Other tax and ongoing services 13%. • Staff available to stay on with new owner and existing owner will ensure orderly transition and training to maximize client retention. • Head office has been newly refurbished, consists of 1,500 SF, rent of $2,380 per month with lease expiring in three years with a five year option • Satellite location has very professional offices of approximately 1,440 SF, rent of $1,465 per month and lease expiring in 2024 and extendable. • Revenues have been consistent year after year and there is virtually no competition in the area.