Sale Pending
Ottawa West Accounting & Tax Practice for Sale
Listing #
ON6089
Location
Ontario
Annual Revenue
$262,000
Asking Price
$325,000
Type
TAX BOOKKEEPING COMPILATION
Presented by:
Sonia Albert
Toll Free: 877-606-8622
 
Alan Liverman
Office: 514-819-8088
Description:

Alan Liverman is pleased to introduce:

  • Well-established accounting, bookkeeping, and tax practice with diverse, recurring revenue streams:
    • Compilations, bookkeeping, and accounting – 17% of revenue from reliable annual services
    • T1 personal tax returns – approximately 45% of revenue, with 442 clients averaging $266 per return
    • T2 corporate tax returns – approximately 34% of revenue, with 54 clients averaging $1,636 per return
    • Other recurring services – contributing approximately 4% of total revenue
  • Operates 95% virtually (can be transitioned to fully virtual with ease)
  • Extremely low overhead and operating expenses
  • Ideal for an owner-operator: A buyer who chooses to work within the practice can significantly increase net cash flow by reducing contractor and staff costs
  • Lean and efficient team: Current team includes the owner (working minimal hours, not full-time) and two experienced contractors who are open to continuing with the new owner
  • Owner is a CPA, CA – buyer must also hold a recognized accounting designation
  • Founded in 2019 as a sole proprietorship and has demonstrated consistent, organic growth driven largely by referrals
  • Broad client base across a variety of industries
  • Home-based operation providing flexibility and low overhead
  • Seller committed to supporting a smooth transition and will be available for a structured handover period
  • Software currently in use:
    • StudioTax Enterprise (T1 personal returns)
    • TaxTron Web Application (T2 corporate returns)
    • Excel (for financial statements)
    • QuickBooks Online (bookkeeping)
    • TaxDome (CRM and workflow management)


 

To request more information about this practice:
 Log in
 Create NEW APS account
Or
 Search for more listings
 Share this listing with a friend

×

×

×


×

×