This is a well established, friendly, community-oriented, small business, and service focused firm located on Sydney’s upper North Shore with maintainable fees circa of $900K.
Tax lodgements for 2013 number around 2,500 and range across all types. Revenue is mostly generated from company returns (37%), super funds (17%) in addition to I returns at 30%, many of which are related to larger entities. Audits, both internal and external SMSFs, are performed by the firm, whilst 5 other audits are outsourced.
The average client size is around $800 per group with some 43% of revenue generated from clients with annual fees of between $2K and $10K. The top 20 client groups contribute approximately 17% of fees for the 2013 FY with the largest client generating income of around $22K.
The firm heavily utilises IT with paperless office protocols well established.
The focus of the firm has been on meeting the compliance and audit requirement needs of its loyal clientele, with the likes of financial planning or advice type services yet to be introduced. Second generation clientele and referrals are driving organic growth.
Suitable transition terms will be negotiated. Lease terms are negotiable or the fee base can be relocated within the local upper North Shore area. However, given the number of clients that visit the firm, relocation too far from its current location is not advisable.
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.
