South-West Regional Victoria

Accounting Practice

ID: 298

Fees of $1,250,000

Established one Principal practice in an attractive and desirable lifestyle location. This Practice has stable fees and strong profitability with no reliance on any one client or client group. The quality client base of predominantly small businesses and sole traders are long standing with high retention rates. The Vendor is looking to remain with the purchaser full time for up to three years and is supported by an experienced and capable team with good knowledge of the clients. The Vendor’s continued presence will help support a smooth transition of clients to new ownership and there are several opportunities to accelerate growth including proactive marketing (there is currently no website or social media presence) and additional services such as business advisory and financial planning. This opportunity is well suited to a regional firm looking to expand its footprint, a Melbourne firm looking to establish a regional presence or an experienced individual looking for a lifestyle change.

Reason for sale: The Vendor, aged 57, is looking to transition to retirement over the next three + years. The goal is to sell the practice and eliminate the stress of business ownership but continue working with clients for the purchaser. This could be full time for up to three years with the potential to continue thereafter on a part-time basis.