Melbourne - Inner East

Bookkeeping Practice

ID: 273

SOLD

Boutique bookkeeping practice with growing fees, good profitability and well managed debtors. There is a good quality portfolio of just 81 clients with average fees of c.$7,800. Clients are won via a mix of word of mouth (>50%) and practice referrals, with the largest referrer accounting for just 11% of fees. The majority of clients are on fixed fee, paying month in advance by direct debit.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 and have strong client relationships. The practice is therefore highly relocatable within Melbourne as clients do not attend the office. In summary, this practice is an ideal size and set up for anyone looking to grow their bookkeeping offering or create an attractive new service line. 

Reason for sale: The Vendor, aged in their forties, is looking to move on to their next adventure (outside of the industry overseas).