Kitchener-Waterloo Area ON - Compilations, Tax, Bookkeeping, Book of Business For Sale
 Sale Pending
Listing #: ON5293
Location: Ontario
Type: TAX BOOKKEEPING COMPILATIONS
Annual Revenue: $1,340,000
 Asking Price: $1,625,000
Presented by:
Sonia Albert
Toll Free: 877-606-8622
 
Alan Liverman
Office: 514-819-8088
Description:
  • The owner is NOT a CPA.
  • Very profitable and well-established tax, bookkeeping and compilation practice with an excellent reputation. 
  • Structure of purchase: Asset Sale 
  • Has been in existence since 1995.
  • Software in use includes Cantax, Sage 50 and MS Office.
  • Annual gross revenue: $1,340,000 with an approximative breakdown as follow:  
    • $850,000 via accounting, bookkeeping and compilations (170 corporations) with an average fee of $5,000. 
    • $105,000: T1 (600 clients) with an average fee of $175.
    • $157,000:  T2 (105 corporations) with an average fee of $1,500.
    • $178,500: other returns (170 clients); and
    • $50,000$ for consulting services (20 clients)
  • Net income: $688,476
  • Home office, must be relocated within the Kitchener-Waterloo area. It is not a virtual practice. Seller is available to ensure smooth transition
  • Team consists of 3 full-time bookkeepers and 1 part-time CPA on contract.
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