Melbourne - East Suburb

Accounting Practice

ID: 209

Fees of $448,000

Integrated accounting and financial planning practice in an attractive location. This established practice has a boutique portfolio of high quality and longstanding clients. Financial planning has just 54 client groups with an average fee of $5,000+ and these are all also clients on the accounting side representing c.80% of accounting fees. The practice is 100% cloud-based, efficient and well managed, with low debtor days.  The Vendor is committed to a smooth transition of clients and looking to continue in a part time role (2 days per week for 12 months or potentially longer if required) that drives value for the purchaser. The practice is relocatable within the Eastern Suburbs and is an ideal tuck-in opportunity for the right purchaser.

Reason for Sale: The Vendor, aged 55 wants to focus on outside interests.