Gold Coast - Qld

Bookkeeping Practice

ID: 326

$650,000 Finance Function, Bookkeeping Fees

A fast growing finance function and bookkeeping practice. This young practice has just 26 client groups with average FY24 fees over $22,000. It has grown quickly in a short time driven by high demand for its service offering and word of mouth referrals due to its strong reputation for service quality. Income is recurring and profitability healthy, while WIP and debtors are well managed. The Vendor is committed to a smooth transition to new ownership and is supported by a small team who are available to transfer to the purchaser.  There are further opportunities to grow through additional services such as year-end tax compliance and expanding the geographic reach of the practice. This would ideally suit an established practice with an experienced team where there is a dedicated senior resource to lead the service delivery to the client base. 

Reason for sale: The Vendor is relocating to the UK for family reasons and to pursue new business opportunities.