An exciting highly profitable growth opportunity for a well established significant purchaser.

This highly efficient firm has a solid client base and a quality team. Its systems and procedures are state of the art. Its services encompass annual financial statement preparation, tax compliance and business advisory offered predominately to the SME market. Accounting and audit of its large SMSF base is also performed. However, with financial planning services yet to be introduced, this is an opportunity waiting to be tapped.

The firm is located adjacent to the CBD with annual revenue of $2.9+ Mill and profitability around the 56% mark. It ticks many of the best practice KPIs. ITRs excluding activity statements number 1,166 for the 2015 year with a good representation of trust and company returns. The firm has just under 100 SMSFs, with a handful of external SMSFs also audited, however no statutory audits are performed.

The average client size is an attractive $9K with only 320 client groups. The top 18 client groups, all located within Melbourne suburbs and all with annual fees of $30K+, contribute around 40% of total firm revenue. A further 54% of annual income is contributed by client groups with annual fees ranging from $3K – $30K. Clients are loyal, generally well establish, highly successful SMEs and family businesses across a range of industries and age.

With the senior partners seeking to secure a strong succession, underpinning the continuity of both clients and staff, they are willing to support a medium term transition of 2+ years. The younger partner desires the opportunity to acquire equity within the purchaser either immediately following the transaction or shortly thereafter.

The practice is relocatable generally within a 10km radius of the CBD, with the current lease concluding early to mid 2016.

E-mail 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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