SOLD
Accounting Firm Victoria
- Geelong Surf Coast -
Bellarine Peninsula Accounting Firm
Lifestyle or Bolt-On Opportunity
SOLD
FEES: $380K
Reference: PPV04364
The firm’s client mix includes investors and clients with investment properties, offering a steady flow of opportunities despite limited acceptance of new clients due to current resourcing. New client enquiries are frequent, highlighting growth potential for an ambitious buyer.
Client Base Overview:
- Tax Services: The firm completed 498 individual returns, representing 41.6% of revenue, alongside trusts, companies, partnerships, and SMSFs, contributing to a balanced and stable revenue stream.
- Client Diversity: 333 client groups were serviced in FY 2024, with an average annual fee of just over $1.1K. Approximately 25% of income comes from clients with annual fees in the $5K-$10K range, providing a healthy mix of client groups across different revenue brackets.
- Top Clients: The top 20 client groups account for around 30% of overall revenue, with strong, longstanding relationships, many dating back to the firm’s inception. Key contacts range from their mid-40s to mid-80s, with nearly half being under 60 years of age.
The firm operates with industry-standard software, including Xero, Handiledger, Suite Files, Class, and Now Infinity, ensuring a seamless transition for the incoming buyer.
Transition Support: The principal is committed to a smooth transition and is available to assist as required, ensuring client retention and continuity of service.
This is a unique opportunity to acquire a well-established firm in a picturesque location with strong relationships and growth potential.
E-mail broking@robknightsbroking.com.au to request a confidentiality agreement or phone (02) 9233 4333.
The completion of a confidentiality agreement is essential prior to the supply of any information.
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