Mornington Peninsula

Accounting Practice

ID: 371

$650,000 Fees

An established practice with limited local competition and a loyal, multi-generational client base with low concentration (top 20 groups 20% of fees; largest 2%), including 24 SMSFs. Net fees have grown c.6% p.a. to $654k over FY23–FY26, with solid profitability, 22 debtor days and low WIP. The Seller is supported by a capable and engaged team. The practice is cloud-based (Xero, Ignition, BGL and FYI), with annual CPI-linked price increases and engagement letters for all clients. Upside includes AI, proactive marketing and business advisory. This opportunity would ideally suit a firm already on the Peninsula looking to expand, or one looking to break into this attractive market. 

Reason for sale: The Seller, in their 50s, is transitioning out of the accounting industry. However, they are committed to a smooth transition to new ownership and are willing to work with the buyer for up to three days per week for the next 3-5 years.