Toronto, ON, Professional Corporation CPA Practice For Sale
| Asking Price: | $1,775,000 |
| Established Year: | 1975 |
| Gross Revenue: | $1,386,000 |
This listing will be available after July 1, 2025
•Very successful CPA firm with an excellent reputation in the GTA.
•The firm was started in 1975 as an offshoot of a larger firm that was started in 1934. There were originally three partners. One left around 1985. The other two have passed away. Current managing partner became a partner in 1989 and a second partner joined in 2002.
•Excellent cash flow to the two partners.
•Service breakdown: Accounting/Compilations/Bookkeeping:360 clients generating $849,000 of revenues(46%); Personal tax:1,300 clients generating $195,000 of revenues (11%); Other returns: 65 clients generating $107.000 of revenues (6%); Audit/reviews generating $235,000 of revenues (13%).
•Wide scope of industries served
•Service oriented firm with very stable and loyal clientele; very high client retention rate and very low employee turnaround, family style environment
•Six full time and three part-time staff willing to stay with the new buyer
