West Gippsland Victoria

Accounting Practice

ID: 352

$500,000 Fees

This is a long established and highly reputable one Principal practice in an attractive and growing urban fringe location. The practice comes with stable fees and long-term clients, generates good levels of profitability and has well managed debtors. The Principal is supported by a capable, productive team with strong client relationships. There is scope for growth including organic in the existing client base, new clients in line with the area's economic growth and additional services such as Financial Planning. This opportunity could suit an accountant or small practice looking to grow on the back of an established and well regarded firm, or alternatively the opportunity for a larger firm looking to better leverage the Vendor’s capability and experience.

Reason for sale: The Vendor, aged in their 50s, has relocated to Melbourne and is ready to pursue a new opportunity now that their children have finished school. This could either involve continuing on with the purchaser in a role that allows them to make better use of their skills and experience or exploring a role in the corporate sector.