Melbourne Eastern Suburbs

Accounting Practice

ID: 345

$650,000 Acc + $160,000 FP Fees

This is an established and reputable one Principal practice in an attractive location in Melbourne’s Eastern Suburbs. The Vendor is looking to sell 100% of the accounting practice and 50% of the financial planning practice. There is a stable base of accounting fees generated from a long standing client base including second generations of client families, with no material financial concentration risk. The financial planning offering is fully integrated with the vast majority of the 42 financial planning client groups being accounting clients. Total Funds Under Management (FUM) are c. $112 million with average FUM per client of c.$2.6 million. The Principal is supported by an experienced team with good direct client relationships. There is potential for further growth including more proactive marketing and expanding financial planning. This practice would be ideally suited to an accounting practice or individual looking to grow a practice with financial planning attached.

Reason for sale: The Vendor, aged in their early seventies, is seeking to transition to retirement over a period of five years and would like to concentrate on strategic tax and financial planning.