Melbourne (Fully remote)

Bookkeeping Practice

ID: 318

$335,000 Fees

This established boutique bookkeeping practice is fully remote and could, in theory, be run from anywhere. It has experienced strong growth predominantly through word-of-mouth referrals. C.60 clients make up > 95% of fees with an average of c.$5,500 per client, and all are on monthly retainers. The practice is well run with healthy profitability and a consistent and efficient way of working that is embedded with clients when they start. The Vendor only works part-time and is supported by a proactive and capable team who manage clients directly. Further opportunities to grow include through proactive marketing and additional services e.g. advisory, accounts payable expansion and, potentially, tax and compliance. This is a straightforward tuck-in that would suit either a bookkeeping or accounting firm looking to expand.

Reason for sale: The Vendor, aged in their thirties, is wanting a career change and has the opportunity to work as a CFO in a growing business.