Presented by Alan Liverman
Practice for Sale – Established Bookkeeping,Tax and Wealth Management Firm. This is not a virtual practice and it is recommended that the buyer be located in the same general area.
We are pleased to present an excellent opportunity to acquire a well-established and profitable tax, bookkeeping and wealth management practice with a solid reputation for outstanding client service.
Key Highlights:
Service Breakdown:
T1 Personal Tax Returns: 31% of revenue (approx. 330 returns annually averaging $180 per T1)
T2 Corporate Tax Returns : 31% of revenue (approx. 41 clients averaging $1,500 per T2)
Bookkeeping and Management Reports: 11% of revenue (approximately 21 clients at an average annual billing of $1,750)
Other returns: 8% of revenue (approx. 60 clients averaging $200 per return)
Other: Consulting and tax planning: 10% of revenue (approx. 4 clients averaging $5,000 per client)
Wealth management: 10% of revenue (approx. 5 clients averaging $4,000 per client). The seller is willing to exclude the wealth management portion of the business, approximately $20,000 annually, provided he is allowed to continue those services.
Established:
Incorporated in 1989, this sole practitioner practice has built a loyal client base and a strong local presence.
Technology:
Tax Software: CanTax
Accounting Software: QBO, Quick books online and desktop, Microsoft Office
Office Space and staffing:
This is a home based business and the sole employees are the seller and his wife, both of whom are retiring
Financials: Consistent annual billings and profitability, with a strong emphasis on customer satisfaction.
This is an ideal opportunity for an individual practitioner looking to add to his/her book of clients, or an existing firm seeking to expand its client base.