SOLD
Accounting Firm - Sydney Northern Beaches

This boutique accounting firm, based in the heart of Sydney’s Northern Beaches, offered maintainable fees of circa $1 million. The firm specialised in small business compliance and consultancy, providing a stable client base of professionals, senior executives, directors, and small business owners with tailored accounting, tax, superannuation advice, and audits. Its services included setting up business structures, financial reporting, budgeting, cash flow projections, and administrative advice, such as meetings, minutes, and action plans.

Growth was achieved organically through referrals, with a strong focus on excellent customer service. The firm also served retiring clients with superannuation, tax strategies, and estate planning, while evolving intergenerationally by supporting the adult children of long-standing clients.

• 507 tax lodgements in 2020, including:
  • 297 individual returns
  • 62 trust returns
  • 62 company returns
  • 78 SMSF returns
  • 45 SMSF audits
  • 8 partnership returns
• Management advice provided to 40 groups
• 156 client groups, with an average size of $7.4K
• 56% of revenue from $5K–$20K fees, and 27%+ from fees >$20K
• Top 20 clients contributed 39% of fees, half with relationships spanning 20+ years

The firm’s top clients were primarily based in the Northern Beaches or lower North Shore, with key contacts ranging in age from their late thirties to mid-seventies. This practice offered an attractive fee base for its size, with an average lodgement fee of $1,600.

The vendor planned to retire following a suitable transition period. While the lease was in place until September 2021, the practice could be relocated if needed, though retaining its presence in the Northern Beaches was desirable.