Gold Coast - Qld

Accounting Practice

ID: 79

$1,300,000 Fees

This is an established practice in an attractive, lifestyle location on Queensland's Gold Coast. Revenue is consistent and profitability healthy. The majority of fees come from a mix of mainly small business and high net wealth individuals including 111 SMSFs. There is no material financial concentration risk with the 20 largest clients accounting for just c.20% of fees. The Principal is  supported by a team who are mature, experienced, capable and empathetic. There are opportunities for further growth through advisory, financial planning and mortgage broking, and to streamline operations including work papers, automation, and SMSF software. This practice is ideally suited to an established buyer who can capitalise on these growth and improvement opportunities while maintaining the relaxed and friendly culture.

Reason for sale: The Vendor, aged in their 50s, would like to continue working part-time for up to the next five years but is looking to sell to achieve a more balanced lifestyle.