Gananoque/Brockville/Prescott, On., Bookkeeping, Tax and Wealth Firm - Business for Sale
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Bookkeeping, Tax, and Wealth Management Firm in Ontario
No Location Specified
Added 2 months ago
Financial Services
37 years in business
Retiring Owner
Bookkeeping, tax, and wealth management firm serving Gananoque, Brockville, and Prescott, Ontario, operating as a home-based practice with a local client base.
Key Information
Asking
$249K
Revenue
$196K
Earnings
$150K
Multiple
1.7x
Key Highlights
- Business established in 1989 (37 years in operation)
- Service breakdown: 31% T1 personal tax returns (approx. 330 returns annually at $180 each), 31% T2 corporate tax returns (approx. 41 clients at $1,500 each), 11% bookkeeping/management reports (21 clients at $1,750 each), 8% other returns (60 clients at $200 each), 10% consulting/tax planning (4 clients at $5,000 each), 10% wealth management (5 clients at $4,000 each; seller willing to exclude this portion, approx. $20,000 annually, if allowed to continue services)
- Home-based business with two employees (seller and spouse, both retiring)
- Uses CanTax for tax software and QBO/QuickBooks/Microsoft Office for accounting
Contact Info
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