Southern Ontario, Compilation, Bookkeeping, Accounting and Tax Practice For Sale
 New
Listing #: ON5271
Location: Ontario
Type: TAX BOOKKEEPING COMPILATIONS
Annual Revenue: $970,385
 Asking Price: $1,275,000
Presented by:
Sonia Albert
Toll Free: 877-606-8622
 
Alan Liverman
Office: 514-819-8088
Description:
Alan Liverman is pleased to introduce:
•Very successful well established tax, bookkeeping and compilation practice with an excellent reputation. 
•Structure of purchase: Asset sale
•Excellent above average cash flow 
•Firm has been in existence since 1978. 
•Service breakdown: Compilations/Bookkeeping/T2 Returns Approximately 70% (110 Corporate and Partnership Clients); Personal tax/T3 returns Approximately 30% (925+- Clients)
Gross revenue for 2024 continues to grow, YTD billings have increased by 22% over 2023. Forecasted billings for 2024 are $1,100,000
The area is underserviced, new client acquisitions and enquiries occur regularly. Located a reasonable distance away from several metropolitan areas, the local area is growing rapidly.
Diverse scope of industries serviced, including construction, real estate, agriculture, service businesses. All are owner managed. Very little exposure to retail or food service.
•Five full time staff willing to remain with the buyer.
The practice operates from a 4,400 square foot building owned by the seller and could possibly be leased for a two-year period. 
•Software in use: QuickBooks and TaxPrep
 
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