Established in 1991, this experienced and respected CPA practice offers a comprehensive suite of income tax and bookkeeping services tailored to both individuals and businesses. With a strong focus on assisting small businesses in Northern Ontario, the practice generates most of its income through business accounting services, consultations, and specialized accounting solutions.

Above average cash flow to owner with a very low overhead.

This is not a virtual practice and buyer must service client base from North Bay

Service breakdown:

• Bookkeeping services, including T1 and T2 filings for these clients. account for approximately 44% of revenue with 50 clients generating billings of approximately $176,000.

• Individual returns account for 47% of revenue with 700 clients generating billings of approximately $150,000.

• Business returns account for 7% of revenue with 10 clients generating billings of approximately $27,000.

• Practice currently does not offer compilation services however there is a significant potential to increase billings should there services be offered.

Clients demography: North Bay and surrounding area including Callander, Port Loring, Astorville, Corbeil, Bonfield & Sturgeon Falls

Software used: CanTax, Sage, Formaster and Microsoft Office

1,000 sq ft of of commercial office space located on the ground floor of a century home with living quarters upstairs. The building is being oferred for sale or potentially on a lease, appraised value is $700,000.

The buyer preferably should be a CPA and will be able to prepare compilations which the seller is not doing resulting in a significant amount of potential additional revenues.