With around $650K maintainable fees, this is a profitable firm offering accounting, tax and audit (both statutory and super) services to its 95 client groups from its current premises adjacent to the Melbourne CBD.
The firm lodged around 300 returns in 2013, consisting mainly of company returns (56% of revenue) as well as trust returns (24% of revenue). Average tax lodgement size is nearing $2,400. Only 33 ‘I’ returns relate to stand alone individual clients. Audits number 12 and contribute only 3% of overall revenue. 2 audits require registered company auditor status with the remaining super fund audits.
The average client size is around $7.5K per annum with the majority of revenue coming from the $5K – $10K, $10K – $20K and $30+K fee stratas. The top 20% client groups contribute approximately 60% of fees for the 2013 FY with the largest client generating income of around $93K.
The current lease expires in October 2014 and the firm must relocate.
The vendor is available for a 1.5 – 3 year transition where required.
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.
