Melbourne - North Eastern

Accounting Practice

ID: 237

SOLD

 Established practice in an attractive location with stable fees and strong profitability. This practice comes with a quality client base that is long-standing and diverse with a focus on small businesses and a track record of successful generational handovers. Only 3% of revenue relates to basic standalone I-Returns. Services include tax returns and financial statements, tax planning, business advisory (BAS preparation, cashflow planning, budgeting, structure advice and set up, ad hoc advice) and SMSF administration for c.30 SMSF's. The Principal is supported by a capable team including a very strong Senior Accountant. The size and flexibility to relocate the practice make this an ideal tuckin opportunity and there is still room for further growth through marketing, creating capacity to take on additional referrals, and additional services including the expansion of business advisory.

Reason for sale: The Vendor, aged 59, is transitioning to retirement.