Perth

Accounting Practice

ID: 289

SOLD

Established and well-run two Principal practice. Eighty per cent of the fees are from Perth clients and twenty per cent from an attractive satellite regional location. The Practice has a strong track record of growth and a high quality and diverse small business client base with minimal I-returns. The Principals are supported by an experienced, capable team while the 100% remote model with no physical office enables a straightforward transition to new ownership. A Senior Manager, who handles the majority of the practice’s largest clients, holds 10% equity in the practice and is looking to continue with the buyer and open to equity opportunities down the track. Additional growth opportunities include capitalising on the satellite regional presence, more proactive marketing and offering additional services such as SMSFs and estate planning. 

Reason for sale: One of the Principals is transitioning to retirement and is open to remaining over a 2-3 years runway if there is a suitable opportunity with the buyer, while the other is looking to spend more time with family after a 12 month part-time flexible transition.