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York Region (GTA), ON, CPA Practice for Sale
Listing #
ON5574
Location
Ontario
Annual Revenue
$503,338
Asking Price
Type
CPA TAX
Presented by:
Sonia Albert
Toll Free: 877-606-8622
 
Alan Liverman
Office: 514-819-8088
Description:
  • Established in 1999, this experienced and resourceful CPA practice offers a comprehensive suite of income tax and accounting services tailored to both individuals and businesses. With a strong focus on corporate clients, the practice generates most of its income through business tax services, consultations, and specialized accounting solutions.

  • Great potential of growth with gross revenue reaching over $500,000 in 2024.

  • Service breakdown:

    • Business returns account for 60% of revenue with 100 clients bringing in $300,000.

    • Individual returns account for 30% of revenue with 500 clients bringing in $150,000.

    • Consulting accounts for 5% of revenue ($25,000).

    • Other returns generate 5% of revenue ($25,000)

  • Clients demography: GTA

  • Accounting Software used: CaseWare, CaseView, Profile, QuickBooks desktop and online, 

  • Owner runs the practice with the support of 2-3 full-time employees.

  • 1,620 sq ft of corner suite commercial office space, comprising 5 private offices, large reception area and kitchen, large boardroom with hardwood floor which can seat 8-10 and 2 HVAC's. Rent is $5,000/month.

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