Kangaroo Island, SA Accounting Practice (ID#179)

Opportunity to purchase 50% (c. $205,000 fees) of an established two Partner practice with strong ties to the local community. This practice has stable fees and an attractive long term farming and small business client base. There is little fee concentration risk and only 5% of revenue relates to basic standalone I-Returns. WIP and debtors are both well managed and there is a steady flow of work all year round. The ideal purchaser will be a strong cultural fit and an experienced accountant, ideally with a rural interest that will fit well in the local community. The retiring Partner is flexible around transition to ensure a smooth transition of clients (eg part time up to a year)

Reason for sale: One Partner is aged 68 year and transitioning to retirement while the other Partner is 42 and looking to continue managing their fees whilst open to discussing options with the Purchaser.