SOLD
Accounting Practice - Sunshine Coast

This long-standing accounting practice, located in Queensland, offered an exceptional opportunity for purchasers seeking a consistent, steady revenue stream. With maintainable fees of $800K, this practice was an ideal fit for those looking to establish their own operation or expand an existing one. Dedicated personnel and opportunities for systemisation, as well as growth in super fund, audit, advice, and financial planning services, made this practice a compelling choice.

Key Highlights:

Client Base:

• 830 tax lodgements plus BAS, catering to a broad spectrum of industries and client structures.
• Average client group size of $2.3K per annum.
• Top 20 client groups contributed 26% of fees, with the largest client generating $29K annually.
• Many clients have succession plans underway and rely on professional representation.

Revenue Breakdown:

• 48.5% of revenue from company returns, 21.1% from trusts, and 15.4% from individual returns.
• 69% of annual revenue generated from clients paying $3K–$30K in annual fees.

Growth Opportunities:

• Potential to enhance systemisation and efficiency within the firm.
• Expansion into financial planning, super fund, audit, and business advisory services.

Operations & Transition:

• Retiring principal offered flexible transition terms to support client retention.
• Office lease expiring November 2015 allowed for relocation or retention of current premises.

This accounting practice represented a rare opportunity to acquire a steady, reliable client base with significant potential for growth and long-term profitability.