Melbourne

Accounting Practice

ID: 310

$650,000 Fees

This established “family office” practice caters for a range of families and private clients who have created successful businesses and Investments, and has a reputation for trusted relationships and a high level of service to meet clients’ complex needs. There are just 15  client groups with average annual fees of c. $45,000 plus significant opportunity for additional regular one off work. The practice also holds a retail AFSL license which can potentially be offered to the Purchaser as part of the sale. Profitability of the practice is strong driven by higher fee generation strategies and a lean cost base. The Principal is supported by an experienced, capable team with direct client relationships who are available to transfer to the purchaser, and the practice is easily relocatable with no requirement to take on a lease. Further opportunities exist through additional advisory services, estate planning and tapping into intergenerational opportunities with the client base. This opportunity would suit a Purchaser used to dealing with sophisticated clients and with a strong business and corporate advisory capability. 

 Reason for sale: The Vendor, aged in their sixties, is selling for health reasons.