SOLD
Accounting Practice - Sydney Northern Beaches

This well-established accounting firm, based on Sydney’s Northern Beaches since the 1970s, offered maintainable fees of circa $920K. With leadership transitioning in the late 1990s, the practice provided a broad range of tax, accounting, audit, BAS, SMSF, and other services to a diverse SME client base spanning various industries and age groups. This rare opportunity combined an attractive location with significant potential for growth, particularly in financial planning and digital presence optimization.

Key Highlights:

Client Base:

• Diverse SME clients across industries, primarily located on the Northern Beaches and North Shore.
• Clients aged from late 30s to mid-70s, many with 10–20+ year relationships.
• Top 20 client groups contributed 28% of fees, with the largest client at $23K annually.

Revenue Composition:

• 920 lodgements annually, averaging $1K per return.
• Key revenue sources: 24% individual returns, 38% companies, 20% super funds.
• 71% of revenue from fees in the $2K–$20K range.
• Attractive average client size: $1.9K.

Growth Opportunities:

• Expand financial planning services for additional revenue streams.
• Strengthen web presence and referral networks to drive organic growth.

Operations & Transition:

• One partner available for a non-equity role; the other transitioning out over 12 months.
• Premises lease in place until June 2019, with potential to relocate locally.

This practice presented an excellent opportunity for buyers seeking a reputable firm in a thriving region, with loyal clients and potential for further growth.