This practice is now under offer

A highly profitable firm experiencing better than industry growth represents a sensational opportunity for an experienced practitioner or practice. Acquisitions of this calibre are extremely rare so DO NOT miss this opportunity.

This established firm has traditionally offered general accounting and tax services to predominately small and medium business clients since its inception and currently generates fees of $1.4 Mill and growing. Workflow is managed significantly by staff with around 50% of the client base directly meeting with the practitioner.

The potential for any purchaser is to extend the business services currently offered within the firm as well introduce an internal financial planning capability. However, the purchaser will need to be personable, outgoing and able to engage directly with clients.

The 2014 tax lodgements numbered 805 with an average lodgement size of $1,739. These numbers are significantly contributed by trust returns (158), company returns (105) and I returns (481) many of which are related to larger client groups.

The average client size is around $3,400 per group with some 55% of revenue generated from clients with annual fees of between $3K and $20K. A further 17% of annual revenue generated from clients with annual fees of $30K+. The top 20 client groups contribute approximately 33% of fees for the 2015 FY with the largest client generating income of around $54K. These clients are predominately located in S/E QLD and represent a variety of industries.

The retiring principal is offering a part-time 12 month transition term. The current office lease expires in June 2016 although the practice would be relocatable after this time within the Southport to Bundall area.

E-mail practicesales@robknights.com.au to request a confidentiality agreement or phone (02) 9233 4333.

The completion of a confidentiality agreement is essential prior to the supply of any information.

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