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Norfolk County, ON CPA, Accounting & Tax Practice for Sale
Available
Listing #: ON1117
Location: Ontario
Type: CPA TAX BOOKKEEPING COMPILATION PAYROLL
Annual Revenue: $638,335
Asking Price: $775,000
| Presented by: |
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| Sonia Albert |
| Toll Free: 877-606-8622 |
 |
| Alan Liverman |
| Office: 514-819-8088 |
Description:
Alan Liverman is pleased to introduce:
- Well established CPA, Accounting and Tax practice with overall:
- Compilations, accounting services and corporate tax – 58% of revenue with 120 corporate clients generating $367,000 of revenues.
- T1s – approximately 35% of revenue with 1,000 clients averaging $225 per return.
- T4, T5 & T2125: approximately 6% of revenue.
- Agri-Stability: 2%
- Practice established in 2005.
- Diverse scope of industries served, including: Farming & agriculture sector, residential construction, consulting, retail, investment co’s (Holdco’s), existing & retired medical doctors.
- Approximately 2,800 square feet of totally renovated (2014) office space plus an upstairs office, kitchen and boardroom and storage facilities in full basement. Retail store front located on the main financial district/street of Simcoe. Monthly rent is $3,000, premises owned by seller and available for purchase.
- Team consists of owner (CPA) (full time), 1 CPA on staff , and one CPA finalist; Total of 8 full-time permanent staff plus one full-time temp in tax season (including one receptionist);
- Seller will be available for an orderly transition in order to ensure a smooth transition to the new owner and willing to stay on a part time basis to support success and future growth.
- Software in use: use TaxPrep, CaseWare, TPS, QB Online & Desktop, Sage 50, MS Office
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