SOLD
Accounting Firm
- Victoria Suburban and Rural -
Well Established Reputable Victorian Firm
Unparalled Opportunity to Acquire a Profitable Practice
SOLD
FEES: $1.2M
Reference: PPV04253
This uniquely structured, highly profitable accounting firm, with fees circa $1.2M, offers an exceptional opportunity for buyers seeking a well-established practice with a history of success and outstanding client relationships. Strategically positioned to serve clients across Victorian suburbs and rural regions, this firm boasts an impressive ROI of over 60% prior to the principal’s remuneration.
Having been established in the mid-1980s, this practice has built a solid reputation for providing comprehensive tax, accounting, and advisory services. Its loyal client base has grown organically through strong referrals, ensuring consistent and reliable revenue. With streamlined operations and an average billing of $1,870 per client, this firm is primed for continued growth under new leadership.
- Diversified Services: Tax, accounting, management advice, BAS, and corporate secretarial services contribute to steady and diverse revenue streams.
- FY 2024 Lodgements: 347 individual returns, 161 partnerships, 38 trusts, 76 companies, and 5 super funds.
- Top Clients: The top 20 client groups contribute 30% of fees, with the largest client at 6%.
- Established Client Base: Over half of the key contacts are under 50 years of age, ensuring strong growth potential.
The firm is supported by a dedicated, long-standing team of professionals with complete WFM expertise. Services are delivered through a flexible model leveraging internet, e-mail, telephone, and occasional in-person client visits, providing a scalable platform for growth.
With the principal seeking retirement, this is a rare opportunity to acquire a highly efficient and profitable firm that can be managed from anywhere. The principal is committed to ensuring a seamless transition, offering flexibility and support to integrate with the firm’s larger clients.
E-mail broking@robknightsbroking.com.au or phone (02) 9233 4333.
The completion of a confidentiality agreement is essential prior to the supply of any information.
Sign Up For Listings Alerts.
What practices are selling for, and what is moving the numbers
Michelle’s monthly note on practice valuations, buyer activity and the conditions we are seeing across accounting, financial planning and legal firms.
