Brisbane North West

Accounting Practice

ID: 195

SOLD

Established and dynamic two Partner practice in an attractive inner Brisbane location is looking to merge. This firm has a strong market reputation, stable fees and consistent profitability. Its client base is first class and consists of mainly business clients and high net worth individuals. Beyond the two Partners there is a high quality and experienced team with strong client relationships who take care of the bulk of the traditional accounting and taxation services (70% of fees). This has allowed the Partners to increasingly focus on expanding their Strategy and Advisory services which now account for 30% of fees. A strong cultural fit with the purchaser is paramount including being driven and growth oriented, client first and with high ethical and professional standards. The purchaser should have a strong contemporary brand and have embraced technology to create an efficient practice.

Reason for merger: The Partners, aged 53 and 50, are seeking to merge with a similar size or larger practice to facilitate succession planning, allow for greater Partner specialisation including growth of Strategy and Advisory services, and offer better career pathways for their team. Neither Partner is looking to retire.