Alan Liverman is pleased to introduce:
• 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:
o 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.
o Individual returns account for 47% of revenue with 700 clients generating billings of approximately $150,000.
o Business returns account for 7% of revenue with 10 clients generating billings of approximately $27,000.
o 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, terms to be discussed
• 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.