British Columbia Online bookkeeping and accounting services Company

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by a searcher from Indiana University, Bloomington/Indianapolis - Kelley School of Business
in Michigan, USA

5yrs ago

British Columbia Online bookkeeping and accounting services Company

Just had a quick/random conversation with an owner of an online bookkeeping and accounting services company located in British Columbia. Biggest stipulation/requirement is the seller's desire for the acquirer to have a local presence in BC and be a CPA. (I miss the mark on both of those). Happy to partner with someone on this one if it makes sense and of interest.
$1.5M rev/yr (Expecting a Valuation of $1.5-$2M) $400k SDE Fixed monthly fee-based Revenue
Majority of clients are local. 18-year-old Company 12 FTEs, 6-8 PT

Seller is mid-60s and looking to sell to A) focus on another business of his and B) start to position towards retirement
Takes about 12 weeks vacation/year Seller does not have a very direct relationship with clients

Growth Opportunity: Add relationship person(s) in Toronto or areas of expansion Scalability potential – services/presence could be "replicated" in any major market Canada or US

If of interest, feel free to let me know.

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reply by a searcher 5yrs ago
from Stanford University in Sausalito, CA 94965, USA

Dan - I'm looking at a business in the US (about twice the size and a bit more than that on valuation), let's chat re the space (I won't be a fit for this deal). I'll email you

reply by a searcher 5yrs ago
from Indiana University, Bloomington/Indianapolis in Michigan, USA

Excellent ^redacted‌ - always looking for quality DD help in various spaces.