Established Bookkeeping Practice

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Description

Summary Description
Established bookkeeping & tax practice serving clients in the Coburg-Northumberland County area. Revenues are split between Business Bookkeeping & Payroll services (approx. 75%) and Personal tax preparation (approx. 25%).  The practice has a good reputation in the community and loyal longstanding client base. Clients include well-known local businesses, families with a variety of tax accounting needs, individuals with yearly personal tax filings.  The purchase of this practice would be an excellent fit to either an existing tax and bookkeeping practice, or a new start up accounting firm. Furthermore, an Accountant buyer would have clear and present opportunities to grow T2 and Corporate filing and services.

General Information
Year Established: 2004
Employees: 5
Facilities: The practice is centrally located near major traffic arteries. The approximate 1,680 sqft of office is well laid out with room for expanding the number of employees. There is office area for administration, plus space for extra help during tax season. Furniture, fixtures, equipment, is included in the price.

Market Outlook
Competition: Quality and loyal client base… shares the market with other local accounting firms and bookkeeping practice offering bookkeeping, payroll services, basic accounting services and personal tax returns.

Growth and Expansion: Has seen steady consistent growth over the years with limited advertising. Client base is ideal for someone wishing to start a Bookkeeping firm or an existing practice looking to add more depth to their client list.

Property Id : 18922
Business Asking Price: $210,000
Including: Furniture, Fixtures & Equipment: $10,000
Gross: $400,000
Seller’s Cash Flow: $85,000
Listing ID: LBBO32
Support/Training: Transitional training available
Financing: All Cash or Terms Acceptable to the Seller
Reason for Selling: Retirement

William Sivell

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William Sivell