Sold

Accounting Practice

South Melbourne

Fees of $620,000

More About This Listing

Sold

Accounting Practice

ID: 204

Fees of $620,000

Established and successful one Principal boutique accounting practice in excellent location. This practice has stable fees, high profitability and an attractive and loyal client base of mainly small businesses. Basic standalone I-returns comprise less than 2% of the fee base and there are no large clients causing concentration risk. Debtors and WIP are tightly managed. The commercially experienced Vendor is committed to a smooth transition of clients and open to continue in a part time role that drives value for the purchaser. The ideal purchaser will be a strong cultural fit and able to build on the success of the practice by offering clients great value and a range of additional services.

Reason for sale: The Vendor, aged 73, is transitioning to retirement.

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