Perth East

Accounting Practice

ID: 328

$700,000 Fees

This established one Principal accounting practice is in an attractive suburban location and offers a stable base of clients that continues to see growth. Profitability is healthy and the practice is well run with low WIP following a migration four years ago to Xero and Practice Ignition. There is little concentration risk amongst the clients with the top five representing only c.10% of total fees. The groundwork has been completed in introducing bookkeeping to existing and new accounting clients which is an opportunity for further growth as are financial planning and lending. The Vendor is committed to a smooth transition to new ownership and is supported by a capable and experienced senior accountant.  The Vendor prefers that the practice remains in the current location for at least 12 months aligned to the retention period but the lease is inexpensive and comes with flexible terms. 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 Vendor, aged in their sixties, is transitioning to retirement.