Brisbane

Accounting Practice

ID: 269

SOLD

Boutique one Principal audit practice specialising in SMSFs. This practice is highly profitable and easy to manage with no additional staff required and limited overheads. Fees are stable with c. 90% coming from 578 SMSF audits and primarily sourced from accounting firms and other referrers with the largest responsible for just 14% of the fee base. The practice is highly relocatable given that clients don’t come into the office and most interactions are electronic. However, it is preferable that it remains within South East Queensland to continue the close relationships with the referring entities. There is scope for future growth from the ongoing organic growth of SMSFs within individual referrers and the Vendor is willing to continue providing referrals from their established network.

Reason for sale: The Vendor, aged in their sixties, is transitioning to retirement.