Southern Gold Coast

Accounting Practice

ID: 327

$1,650,000 Fees

This very high quality one Principal practice is in an attractive location and has delivered a consistent track record of growth.  It generates strong profitability and cashflow with tightly managed billing and very low debtors. The practice comes with an excellent, young, small business client base with little concentration risk and few I-returns. The practice is well run with efficient systems, procedures and use of technology including Xero and Practice Ignition. The Vendor is committed to a smooth transition to new ownership and is supported by a capable and stable team who have strong client relationships of their own. There are further opportunities to improve fees and profitability through greater focus on advisory, SMSF growth, financial planning, and outsourcing of compliance work. The Purchaser has the option to take over the existing lease, although this is not essential and the practice can be relocated within the Gold Coast or even Northern New South Wales.

Reason for sale: The Vendor is selling in order to travel and enjoy life, eventually taking up a role to help scale an existing family business and look after other commercial interests.