SOLD
Accounting Client Base - Sydney

This long-established accounting fee base, with fees of circa $1 million, presented an exciting opportunity for a firm looking to grow quickly. Located in Sydney, this practice provided compliance, business, and audit services to a loyal SME client base across industries such as manufacturing, retail, professional services, entertainment, sport, and investments. With a strong foundation and room for expansion, the practice offered an ideal boost to any firm’s portfolio.

• 1,150 tax returns lodged in 2015, with an impressive average fee of $1,366.
• 600 company/business returns contributed 67% of fees, supported by 460 individual returns (14.7% of fees).
• Handled 50+ SMSF returns, audits, and statutory trust account audits with precision and expertise.
• The top 20 clients contributed a healthy 28% of fees, with the largest client generating $53K in revenue.
• Half of the revenue came from annual fees within the $3K–$20K range, ensuring a balanced and sustainable income stream.
• The average client size of $2K per group highlighted the firm’s solid mid-tier focus.

This practice stood out for its mix of experienced permanent employees, contractors, and long-standing administrative staff, creating a stable and collaborative environment. Clients appreciated the team’s personal approach and commitment to excellence, which reflected in their long-term loyalty.

Run by consultants with deep ties to the firm, one consultant offered short-term transition support, while the other was interested in a permanent position with the purchaser, ensuring continuity for both clients and staff.

The premises operated on a flexible month-to-month lease, allowing the purchaser to relocate to the Sydney CBD or nearby Eastern Suburbs. Alternatively, there was potential to renegotiate the current lease for those looking to maintain the established roots of the firm.