Sold

Accounting Practice

Mornington Peninsula

Fees of $1,050,000

More About This Listing

Sold

Accounting Practice

ID: 98

Fees of $1,050,000

Established sole Principal bookkeeping practice with $1million in fees. This practice is in an attractive location with limited competition. It has grown strongly over recent years and is generating very good profitability. There is a good quality client base consisting of 260 client groups with average fees of c.$4,000, and no over-reliance on referrals from accounting firms. The Principal is supported by an experienced and capable team with a blend of local and offshore. This is a significant opportunity for firms looking to scale or enter bookkeeping and/or gain a presence in the Mornington Peninsula. Further growth in fees and profitability can be achieved through additional services and expanding the offshore team. 

Reason for sale: The Vendor is selling in order to look after elderly parents and take an early retirement.

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