Positioned in the outer Melbourne East region, this well-established practice boasts a strong client base, predominantly composed of business clients with ITR clients also. The Vendor is selling to retire and is committed to ensuring a seamless transition for the purchaser. They are open to discussions about remaining onboard for up to 12 months, providing a comprehensive handover and continuing in a client servicing role to maintain continuity.
An outstanding opportunity to acquire a highly efficient and well-managed Accounting & Financial Planning practice in Melbourne.
For FY24, the firm boasts $2.9M in total revenue, consisting of $1.3M in Accounting fees and $1.6M in Financial Planning fees. The Accounting division provides Tax & Complicance services and primarily serves high net wealth individuals & business clients, while the independently operated Financial Planning division caters to high-net-worth individuals & SMSF. With robust systems and efficiencies in place, the practice delivers an EBIT of approximately 40%.
Opportunity to have a rural lifestyle in this attractive small town only 90mins from Melbourne and with good access to the ski fields. The town is expanding with new housing estates to cope with the influx of people relocating to the regional areas. The clients are a mix of primary producers, businesses and individuals.
Long established practice with a mix of Individuals and Business clients through to $20K in size. Current owner has done the cloud transformation and there are strong efficient systems in place. Solid Staff structure of experienced Accountants and strong Admin staff. Most clients are in their 30ies, 40ies, 50ies and are growing their businesses.
This well-established practice operates remotely, serving clients in the Vic northeast region. Utilizing modern cloud-based systems, the staff work entirely remotely. Monthly client meetings are arranged in the region, and the vendor prefers that the purchaser be located within an hour's drive of the client location.
This is an ideal opportunity for a similar practice in the region looking to expand their client base and increase fees.
A well rounded practice with $1M of large Business clients plus a highly profitable Tax Return section of $600K with 1700 clients plus a Financial Planning section poised for massive growth. Add to this a strong team of Staff and a good location with excellent exposure and good parking and you have the recipe for an even more success in future years. Vendor is selling to retire.
