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Accounting And Tax Preparation Business
Location Ontario,Canada
Asking Price Range $250K - $500K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1991
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Retiring.
Description Exceptional opportunity to own a full service niche bookkeeping/accounting/taxation firm specifically targeted to serve the requirements of small business owners. Clients include proprietorships, partnerships, private corporations and limited partnerships. This firm includes skilled, high performance staff and is well known for its excellent reputation. The business has developed a customer management system that requires pre-payment for services. This has resulted in sustained revenue streams with no time spent collecting fees. A built in 5% annual price increase has been built into client's expectations. There are strong internal established processes and systems that ensure high production, quality and service for a full or part time owner. Business decisions are controlled by internal control reporting systems. Potential clients and growth is unlimited and the business is scalable using the current model into multiple cities or international. The purchase of this division would be an excellent fit to either an existing practice, or a new start up accounting firm.
The current owner has several successful businesses and wishes to reduce his day to day work load as he both moves location, and goes into semi retirement.
Services Include:
Bookkeeping - includes primarily of general ledgers but also includes sub ledgers (Payroll- Source Deductions -Accounts Receivable- Accounts Payable-Fixed Assets- investments) as required.
Accounting- includes reviews of all bookkeeping work performed plus year end closing entries plus preparation of business plans, evaluations, section 85's etc. as required.
Taxation- includes preparation of corporate and personal income tax returns.
Ancillary Consulting -includes adding value to the clients business including: Business plans, Tax related topics, Corporate restructuring, Retirement planning, etc.
The seller will provide extensive training and consultation as needed for a reasonable period of
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