Inner Suburban Accounting Firm
UNDER OFFER
- Melbourne, Victoria -
At Rob Knights Practice Broking, we connect buyers and sellers of accounting, financial planning, and legal practices across Australia. This listing is one of our current opportunities, available to qualified parties under confidentiality agreement.
Melbourne Inner Suburbs Accounting Practice
Thriving Melbourne Practice with Strong Client Base
UNDER OFFER
FEES: $1M
Reference: PPV01046
A longstanding very solid conservative client base representative of HNW and high income families with fees circa $1 Mill.
Located in the northern inner city suburbs of Melbourne, this is certainly not a standard practice, specialising in high net worth and high income families / investors rather than business clients, a client base that would suit a firm providing a family office style service.
Clients utilise the firm’s services to have their tax returns prepared, as well as for related accounting and advisory matters. No financial advice is offered. Referrals originate from financial planners and existing clients. Given the nature of these clientele they are always active which creates additional work.
Client Base Overview:
- 190 tax lodgements in FY 2024, generating an average lodgement fee of $4,844 and an average client billing of $3,980.
- 119 individual returns (50% of billings), 2 partnerships (1%), 40 trusts (16%), 14 companies (9%), 15 SMSFs (10%) and 12 quarterly BAS (11%).
- The top 20 client groups contribute 75% of annual revenue, with the largest client at 25.5% of fees.
- Clients are typically investors, professionals and property developers, ranging in age from their 40’s through to their 80’s.
- Many have been clients for 20, 25 or 30+ years.
Team & Operations
- The practitioner, who is in their mid 50’s, is well supported by a mix of full time, part time and casual professional and administrative personnel, some of whom have been with the firm 10+ years.
- Technology includes APS for tax and practice management, Xero, Reckon, Class for SMSFs, spreadsheets and Microsoft products.
Premises & Operations
- A new lease concluding in January 2028 with modest rent of $18K including outgoings per annum.
- The principal is available 3 to 4 days per week for the first year, 3 days per week during the second year and then beyond that by negotiation.
These are top class clients, with minimal or no debt, representing a loyal and very stable client base.
E-mail broking@robknightsbroking.com.au to request a confidentiality agreement or phone 0413 047 077.
The completion of a confidentiality agreement is essential prior to the supply of any information.
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