Accounting Practice
SOLD
South East Melbourne, Victoria

An ideally established base from which to grow your firm in this prime area of Melbourne, or a suitable fee base to bolt onto an already developed practice.

This well-established and long-standing firm is located approximately 15 kms from the CBD in Melbourne's highly sought-after south-eastern suburbs, with fees circa $850K for FY 2026. Its longevity dates back to the early 1990s, having been based in this general area throughout that time. Services include bookkeeping, payroll, the preparation of financial statements and income tax returns for companies, trusts, SMSFs and sole traders, as well as management advice, tax planning and registered office services.

Revenue Snapshot

In FY 2025 the firm lodged 443 returns with average billings of around $1.5K, made up of:

• 329 individual ('I') returns — 24% of revenue
• 1 partnership
• 45 trusts — 33% of revenue
• 39 companies — 16% of revenue
• 29 super funds — 13% of revenue
• 20 quarterly BAS

Client Base and Fee Spread

• The average annual client group fee is around $3.5K.
• The bulk of revenue is generated by fees above $3K per annum, with the strongest proportion in the $5K–$10K and $10K–$20K fee ranges.
• There are no clients with annual fees above $30K per annum.
• The top 20 client groups for FY 2025 contributed around 36% of overall revenue, including the largest client at 3%.

Clients are mainly Melbourne metro based, although not necessarily within close proximity to the firm's office. They range in age from their early 20s — as children of other clients — through to business owners and investors in their mid 70s. Most clients have been with the firm for more than 15 years, with a next wave of business owners under 40 now coming through. There is no particular industry specialisation. Additional services such as financial planning, mortgage broking, business coaching and CFO-type services are not currently offered, leaving clear growth opportunities for an incoming firm. Growth has typically arisen through referrals from existing clients and local lawyers, as well as the firm's location.

Operations & Infrastructure

• Software: Xero Practice Manager and Xero Tax, BGL CAS 360, BGL Simple Fund, plus a couple of other packages.
• Premises: 225 m² in total, comprising 140 m² of office space and 55 m² of storage. The current lease has approximately 21 months remaining, and the landlord is reasonably flexible.

Practitioner Transition

The principal wishes to scale back and retire, however is available for four days per week during the first year, and three days per week during the second year, subject to allowances for holidays. Thereafter, availability would be by negotiation.

E-mail broking@robknightsbroking.com.au to request a confidentiality agreement or phone (02) 9233 4333.

The completion of a confidentiality agreement is essential prior to the supply of any information. All enquirers must be registered tax agents.