Victoria (Can Be Relocated)

Accounting Practice

ID: 307

Fees of $225,000

Established boutique audit practice with minor tax and accounting. This audit practice is currently based in Victoria but could be relocated anywhere within Australia. 60% of revenue is derived from 170 SMSF audits with a high average fee of $795 per audit. These are sourced from a longstanding referrer base of accounting firms with strong relationships where the largest only accounts for c.13% of practice revenue. There are opportunities for further growth of the fee base through internal growth within the accounting firm referral partners. The Vendor works on his own and is flexible around transition according to the needs of the buyer but prefers that this is wrapped up within 6 months. This opportunity would ideally suit a a small to medium firm who can maintain strong relationships with the referral partners and perform the work promptly and to a high standard in line with client expectations.

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