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Accounting Firm for Sale in Nelson, Canada

Canada based accounting firm offering bookkeeping and tax filing services to small business.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity S Corporation
Reported Sales USD 200 thousand
Run Rate Sales USD 195 thousand
EBITDA Margin 40 %
Industries Accounting Firms
Locations  Nelson
Local Time 12:58 PM America / Chicago
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Full Sale
Asking Price: USD 182 thousand (Native Currency: CAD 250,000)
Reason: The owner is retiring and wants to sell this business.
Includes physical assets worth USD 14.6 thousand
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Business Overview
- Business manages accounts and files taxes for local companies, maintaining strong relationships with over 100 clients.
- We have 30 bookkeeping clients, providing weekly, monthly, quarterly or annual bookkeeping as best suits the client; and revenue is through services billed at set rates.
- We have over 70 personal tax clients, as well as 11 corporate tax clients - with the potential for significant growth in a short time frame; revenue is billed at the time of service.
- We are able to generate high revenue due to employee efficiency.
- Sales fluctuate based on tax filing dates.
- The business owner and one of the staff members are Certified Public Accountants (CPAs).
- Business holds a CPA Canada certificate as a necessary certificate to practice this profession.
Products & Services Overview
Full cycle bookkeeping and payroll, offering personalized service to local businesses in a variety of industries like restaurants, construction, real estate and others.
Assets Overview
Tangible assets include computers, double monitors, desks, office chairs, scanners, telephones, 2 printers, 6 shelving units and 3 filing cabinets.
Facilities Overview
- We rent a 315 sq ft main floor office in a professional building situated in the heart of downtown Nelson.
- Our lease expires in June, and the landlord is inclined to renew.
- There is no lease deposit paid to the landlord.
- There are 2 other accountants in the building (small practices), as well as a small environmental engineering company.
Capitalization Overview
The company has no debt. There is one shareholder with 100% ownership. Operating expenses are funded by monthly revenues. Overhead costs are low.
Recent Activity
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1 Buyer contacted this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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