For Sale
Brisbane Inner South $1.7M
QLD - Brisbane
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.
This well run practice has been established for 30years and it is ready to be handed over to the next owner to take it to the next level. This practice is showing a 45% profit margin in the Accounting and Tax sections and this could be further enhanced with the introduction of modern integrated systems.
The Business clients section of $1M in fees has 75% of its fees sitting in the $5K - $50K bracket. The Individual Tax Return section of $600K with 1700 clients is highly efficient and profitable. The Financial Planning section has a strong pipeline of work coming from the Accounting and Tax clients in the next few years.
The Vendor is selling to retire and although there is a solid team of staff with good tenure, the Purchaser will need to install a Senior Manager/Partner level person in to this practice to replace the Vendor.