Melbourne - South East

Accounting Practice

ID: 240

$630,000 Accounting Fees

Award-winning accounting practice in an attractive location with a strong track record of growth. Clients are long standing and have multiple contact points within the practice. Billings are typically either monthly direct debit or 50% upfront resulting in strong cash flow and low debtors. The practice is well run including being fully paperless and cloud-based. The Vendors are committed to a smooth transition and are supported by a capable and stable local team. There is no requirement to take over the existing lease (it is available if required) and the practice can be readily relocated within a broad area from the outer south-eastern suburbs of Melbourne to the Mornington Peninsula. This would ideally suit an established firm looking for a straightforward tuck in or a younger firm looking to scale up.

Reason for sale: The two Partners, aged in their forties, are selling so that one can spend more time on another existing business and the other can exit public practice to spend more time with their young family and pursue a corporate career.