Melbourne Outer South East

Accounting Practice

ID: 48

SOLD

Significant two Principal practice in fast-growing, attractive outer suburb of Melbourne. This practice has a high quality and longstanding client base of SME’s, often with complex structures, and family-run businesses with average fees per client > $6,000. Included in the fee base are c.100 SMSF’s with average fees of c. $2,000 -3,000 and ranging in size from c.$400,000 up to $10 million. Profitability is strong and there is scope for further growth with the right purchaser including through improved marketing and online presence and growing the SMSF side of the practice. Clients are serviced by an experienced, capable and proactive team with direct client relationships and a positive culture grounded in family values. The highly experienced Vendors are committed to supporting a smooth transition to new ownership and are willing to stay beyond 12 months to ensure this happens.

Reason for sale: The two Vendors, one in their late fifties and one in their seventies, are transitioning to retirement.