Accounting Firm Sold
- Sydney Hills District, NSW -

This highly regarded accounting practice, located in the heart of Sydney’s Hills District, offers a rare opportunity to acquire a well-established business with a strong client base and significant growth potential. With maintainable fees of $700K, this firm has built its reputation on delivering personalised service across a range of accounting, tax, tax advice, management consulting, and SMSF administration services.

The firm has maintained consistent growth through professional referrals, accounting contacts, and loyal long-term clients. Opportunities for future growth include leveraging social media, outsourcing, and introducing financial planning services, which are currently absent from the firm’s offerings.

Key Highlights:

Client Base:

• 477 tax lodgements in FY 2024, generating an average lodgement fee of $1,670 and an average client billing of $1,725.
• Diverse revenue sources: 305 individual returns (17%), 51 trusts (13%), 70 companies (38%), and 47 SMSFs (24%).
• Top 20 client groups contribute 36% of annual revenue, with the largest client at 6.4% of fees.
• Clients span various industries, with no specialist representation, and range in age from their early 50s to late 70s.
• Many client relationships extend 15–30 years, demonstrating high client loyalty.

Team & Operations:

• Small, experienced team working part-time, providing strong support for seamless operations and transition.
• Technology includes Xero, Supermate for SMSFs, and BGL Corporate software, with opportunities for optimisation to increase efficiency.

Premises & Transition:

• 91 m² premises owned by a related party; continuity in the current location is recommended for the short term, with potential for local relocation thereafter.
• The retiring principal is available for transition support, ensuring a smooth handover to maintain client relationships.

This practice represents an ideal acquisition for a smaller firm or practitioner seeking to expand with a loyal client base and a reputation for high-quality, personalised service. Positioned in a vibrant and growing area, this firm is poised for its next phase of success under new leadership.

For more information, please contact broking@robknightsbroking.com.au or call (02) 9233 4333.

Completion of a confidentiality agreement is required before any additional information can be provided.