VENDU
Online Canadian Virtual Bookkeeping, Tax, CFO Consulting Practice
# cabinets
ON1111
Province
Chiffres d'affaires
$982,929
Prix demandé
$1,375,000
Type
IMPÔT TENUE DE LIVRES COMPILATIONS PAIE AUTRE
Présenté par:
Sonia Albert
Sans frais: 877-606-8622
 
Alan Liverman
Téléphone:514-819-8088
Description:
Alan Liverman is pleased to present:
•An Ontario, Canada based VIRTUAL very diversified Bookkeeping, Tax (T1/T2), CFO Consulting practice as well as many other services. Buyers must be familiar with Canadian GAAP and various Provincial and Federal tax laws
•Sale structure: share sale
• 2022 gross revenues were $982,926 and  YTD June 30, 2023 billings $498,000
•Practice has seen very consistent growth since inception
•Steady monthly revenue stream
•Currently 50 bookkeeping clients at an average fee of $8,210 pa; 60 corporate T2 clients at an average of $1,550 per T2; 150 personal T1 clients at an average of $350 per T1; Payroll services revenue of $19,350. 
•The Company acts as a Virtual CFO and offers various services such as
financial forecast modelling, investor relations, banking relations, signatory in some cases, financial reporting & analysis, board packages, board meeting attendance. Annual revenues for this category are $284,000
•Other revenues include Startup Business Services, Software sales, SRED Consulting, System Implementations,  ($100,000 pa)
• Software in use: 
XERO, Ignition, XPM, DEXT, PaymentEvolution, Hubspot
• Incorporated in 2015
•No premises, 4 F/T employees in Canada including owner , all who work remotely from home and 3 F/T located in India including a senior team leader.
Owner has purposely staffed up to increase available capacity with current team to rapidly expand.
•Owner is CPA, employees not designated

•Everything is in place to significantly grow this virtual practice for the right buyer
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