Melbourne Inner South East

Accounting Practice

ID: 319

Fees of $360,000

This long established boutique practice is in a very attractive, high socio-economic area of Melbourne. Stable fees, low expenses and well managed WIP and debtors all combine to generate consistently high returns. The practice comes with a high quality, longstanding small business and SMSF client base. 85% of the fees are generated by just 86 client groups with average fees of over $3,500 and the largest being c.$10,000. The Vendor is committed to a smooth transition to new ownership and there are further opportunities to grow through additional services such as financial planning and bookkeeping (both currently outsourced). There is no requirement to take over the existing lease as the Vendor considers the Practice to be easily relocatable within the inner suburbs of Melbourne. This would ideally suit an established firm looking for a straightforward tuck in.

Reason for sale: The Vendor, aged in their early sixties, is transitioning to retirement.