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Accounting Practice

West Gippsland Victoria

Fees of $1,100,000

More About This Listing

Sold

Accounting Practice

ID: 293

Fees of $1,100,000

Established two Principal accounting practice in West Gippsland growth corridor less than 100km from Melbourne. This high quality practice has a stable and growing fee base supported by long standing clients with minimal concentration risk. Profitability is very high driven by a proposition whereby clients receive a quality service and are happy to pay a premium. WIP and debtors are both very well managed. There are flexible options with the premises with the current lease expiring in February 2025. Both Principals are committed to a smooth transition and are willing to stay on for up to 3 years on a part-time basis. This opportunity would ideally suit a Melbourne practice looking to extend its presence into an attractive and growing region of Victoria or a regional firm looking to expand its footprint.

Reason for sale: The Vendors, aged in their fifties and sixties, are transitioning to retirement.

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