A new pharmacy for sale in Sydney CBD has been added to Practice4Sale. The listing is titled "Sydney CBD" with reference ID 1140. For more information, visit Practice4Sale.com.au.
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A number of new Accounting Practices For Sale have been added to Practice4Sale. Two new additions have been a practice in NSW and a practice in the NT. For more information about these listings, visit the search results under the Search Practices tab.
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.
