Melbourne Eastern Suburbs

Accounting Practice

ID: 497

$1,075,000 Fees

A long established practice in an attractive location, with stable fees and profit margins. The client base is diverse, includes second generation clients and has low financial concentration risk. Core staff bring long-term knowledge of clients and relationships. WIP and debtors are well managed throughout the practice. Lease terms offer flexibility, expiring in March 2027, and the practice is relocatable within the eastern suburbs or nearby south-east suburbs. The Principals are committed to a smooth transition, with one looking to continue in the practice for up to five years. Further opportunities include business advisory services for larger clients, financial planning, and improving practice efficiency through greater use of technology and AI.

Reason for sale: One Principal, aged in their 70s, is transitioning to retirement. The other Principal, aged in their 50s, is looking to continue in the business for up to five years.