SOLD
Accounting Practice - Melbourne CBD

This highly efficient Melbourne accounting practice had a solid client base and a quality team. Its systems and procedures were state-of-the-art, supporting annual financial statement preparation, tax compliance, and business advisory services, predominantly catering to the SME market. The practice also performed accounting and audits for its large SMSF base, with further growth opportunities available in financial planning services.

The firm was strategically located adjacent to the CBD, generating annual revenue of $2.9M+ with profitability around 56%. It consistently met best-practice KPIs and processed over 1,100 activity statements annually. The client base included 320 groups, with an average annual fee of $9,000. The top 18 client groups, all located within Melbourne suburbs and contributing 40% of revenue, had annual fees exceeding $30,000.

The senior partners supported a smooth transition, offering a medium-term handover of 2+ years. The younger partner expressed interest in acquiring equity within the purchasing entity post-transaction. The practice was relocatable within a 10km radius of the CBD, providing flexibility for its new owners.