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We will guide you through the buying process. Although we are representing the seller, we understand that it must be a fit between you and the accounting practice advertised for sale. Our founder is a successful Canadian CPA, working out of public practice. We recognize that every buyer is different and we try to ensure a smooth transition to your new accounting practice.
In general, accounting practices are selling based on a multiplier for the gross annual revenues. However, the final valuation will depend on other factors such as:
Before you commit to purchase an accounting practice, we will evaluate together with you your net worth and sources of financing. You should consider your personal expenses and unpredicted business expenses that may require your personal financing. A good rule of thumb is to be able to personally support as much as three months of business expenses.
Before you make an offer to purchase, you should get qualified for financing. Some of the chartered banks have special products dealing with the acquisition of Canadian accounting practices. As a value added to our customers, we can refer you to a banker that can help you with your financial needs. Please contact us if you require further assistance.
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