Melbourne

Bookkeeping Practice

ID: 259

Fees of $372,000

Established boutique bookkeeping practice with stable fees, good profitability and well managed debtors. There is a good quality client base consisting of just 45 clients with average fees above c.$8,000. Clients are won direct and through accounting firm referrals with no one firm referring more than 10% of revenue. The Principal is hands-off and typically works just 10 hours per month in managing the practice. The Principal currently works out of an office in the Inner Eastern Suburbs but is supported by a capable local and offshore team who all work remotely. The practice is therefore highly relocatable within Melbourne as clients do not attend the office and are spread across Melbourne and elsewhere. In summary, an ideal size and set up for a straightforward 'tuck-in'. Further growth in fees and profitability can be achieved through additional services such as advisory. 

Reason for sale: The Vendor, aged in their fifties, is selling to focus on their other business.