SOLD
Accounting Practice - NSW Northern Tablelands

This boutique accounting practice, located in NSW’s Northern Tablelands, provided maintainable fees of $900K. Catering primarily to SMEs, the firm offered a comprehensive range of services, including tax, accounting, SMSF, and advisory. Known for its diverse and long-standing client relationships, excellent referrals, and fully integrated IT network, the practice presented an ideal opportunity for practitioners seeking a tree change or firms aiming to expand.

Key Highlights:

Client Base:

• 410 client groups with an average client size of $2.3K annually.
• Clients aged 30–60 years, with many relationships spanning 10–20+ years.
• Top 20 client groups contributed 44% of fees, with the largest at 6.8% of revenue.

Revenue Breakdown:

• 1,000+ lodgements in FY 2017, averaging $800 per return.
• Revenue sources: 34% company returns, 30% individual returns, and 12% super funds.
• 60% of fees from the $3K–$20K range; 12% from $20K+ fees.

Growth Opportunities:

• Potential to expand into financial planning services.
• Opportunities to leverage referrals and long-term client relationships.

Operations & Transition:

• Experienced personnel and a fully integrated IT network.
• Vendors supporting a smooth transition for client relationships.
• Lease terms available for the current premises, with regional stability for clients.

This practice represented a rare chance to secure a solid foundation in a picturesque regional location, backed by loyal clients and opportunities for growth.