Tax and Accounting Practice
Business Description
Successful accounting practice with approximately 1,000 personal and business clients, located in an excellent area of Dartmouth, and is fully furnished, equipped, and ready to be handed over to a qualified professional.
The owner of this business works full time with the support of an administrator. During the 3 - 4 month peak period, each a FT and a PT employee are added to support demand.
Positive attributes of this opportunity include:
1. Stable and growing client base. Year over Year trending has been positive and provides for new leverage opportunities.
2. Prime location with space to grow. Significant economies of scale can be achieved if merged with an existing practice, additional office space currently only used part time would allow 2 FT employees to be added, or the opportunity to sublet to complimentary services would allow for reduced expenses.
3. Fully furnished and turn-key. Walk in tomorrow and take over.
4. Transition period with current owner to maximize transfer of goodwill.
I Am Interested
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General Information
Primary services include:
- Tax Return Preparation including GST/HST, Income tax Returns - All types of Businesses, Personal (Canadian & US Returns), Estate & Trust Returns for Deceased Persons
- Bookkeeping, Financial Statement Preparation
- Cash Flow Analysis & Statement Preparation
- Business Plan Development
- Computerized Payroll Preparation and Reporting
- Accounting Software Installation and Training.
The sale is structured as an "asset" sale and the Seller intends to relocate from Nova Scotia by July 31st, 2010.
Prior to any confidential business information being released, being the name and location, a refundable deposit of $10,000 is requested.
Financial Information
2009 Gross Revenues - $152,000
2009 Seller's Discretionary Earnings - approximately $80,000
Real Estate / Lease
Leased Premises - Well located on busy thoroughfare and provides for a very attractive and professional premises. 3 offices + bathroom and kitchen area.
Net Lease:
- 650 usable square feet with a rental of $28.50 per square foot = $1543.75 per month
- Common Area Maintenance costs are approximately $6.50 per square foot
- expiry Dec. 31st, 2013
The Seller has provided notice for a July 31st lease cancellation. Opportunity to merge with an established practice made quick and easy or simply stay put and grow.
