A new practice for sale has been added to Practice4Sale. This practice is a Loan Book Mortgage Trail. For more information on this opportunity, visit our website and search for Practices For Sale.
The abstract of the listing reads as follows:
"A rare opportunity to purchase a mortgage trail book this is a perfect bolt on acquisition to a financial planning practice or accounting practice."
The NSW State Government had planned to abolish mortgage duty on business transaction by July 1, 2012. However, at yesterday's budget announcement this has now been deferred until 2013. If you're buying or selling a business in NSW, it is important that you speak to your solicitor and/or adviser about how the changes are likely to impact you.
A new Tax/Accounting Practice has been added for sale to Practice4Sale. This practice is located in Melbourne, in the eastern suburbs and is titled: "High Quality Tax/Accounting Practice". For more information, visit Practice4Sale.com.au.
A new pharmacy for sale has been added to Practice4Sale in NSW. The pharmacy is located in NSW and is titled: "Large Pharmacy For Sale in NSW in Booming Town". For more information on this pharmacy for sale, visit Practice4Sale.com.au.
This is an established and highly successful practice with a history spanning over forty years, generating fees of c.$3.9 million accounting and c.$1.1 million financial planning. The two major owners are committed to a smooth transition, remaining in the business for a minimum two- and four-years post-sale, while a 24% financial planning equity holder will retain their stake and continue long term. The practice has built a strong reputation on deep client relationships, timely work, proactive tax planning and integrated financial planning, with consistent growth driven by referrals. Profitability is strong at 42% before major owners' remuneration, and WIP and debtors are very well managed, with lock-up days of just 23. The client base is diverse and longstanding, with no material concentration risk the top 20 accounting client groups represent just 13% of gross fees. The team is experienced, maintains direct client relationships, and is engaged and thriving in a positive culture.