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Kitchener-Waterloo Area ON - Compilations, Tax, Bookkeeping, Book of Business For Sale
Listing #
ON5293
Location
Ontario
Annual Revenue
$1,238,500
Asking Price
$1,500,000
Type
TAX BOOKKEEPING COMPILATION
| 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: $1,238,500 with an approximative breakdown as follow:
- $680,000 via accounting, bookkeeping and compilations (170 corporations) with an average fee of $4,000.
- $105,000: T1 (600 clients) with an average fee of $175.
- $225,000: T2 (150 corporations) with an average fee of $1,500.
- $178,500: other returns (170 clients); and
- $50,000$ for consulting services (20 clients)
- $680,000 via accounting, bookkeeping and compilations (170 corporations) with an average fee of $4,000.
- 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 bookkeepers and 1 CPA on contract.
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