This practice was sold in less than 4 months
In search of a consistent steady revenue stream to support the commencement of your own practice or looking to bolster an already operational practice? If so, this is an opportunity too good to miss.
This is a long standing firm with dedicated personnel and fees circa $800K. Opportunities for increased systemisation as well as boosting advice, super fund, audit and financial planning services are available to the future purchaser.
Tax lodgements for 2014 equate to 830 plus BAS lodgements. Revenue is primarily generated from company returns (48.5%), trust returns (21.1%) with I returns contributing 15.4% of annual revenue.
The average client size is around $2,300 per group with some 25% of revenue generated from clients with annual fees of between $10K and $30K. A further 44% of annual revenue generated from clients with annual fees $3K to $10K. The top 20 client groups contribute approximately 26% of fees for the 2014 FY with the largest client generating income of around $29K.
The clients cover a broad spectrum of industries and structures, many with succession underway as well as covering a variety of ages. Whilst the firm does have some smaller clients, which tend to be transient, most of these clientele have rental properties and rely on professional representation.
Transition terms with the retiring principal are negotiable. The current office lease expires in November 2015 enabling the purchaser to choose between remaining at the current premises or relocating the staff and clientele to their own premises where located within the same or adjoining areas.
E-mail practicesales@robknights.com.au to request a confidentiality agreement or phone (02) 9233 4333.
The completion of a confidentiality agreement is essential prior to the supply of any information.
