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Recent Practices

LISTED THIS WEEK

Sydney South Eastern $1,050,000 in fees

This is is an established and reputable one Principal practice in an attractive location. The practice has delivered a strong and consistent track record of growth driven by word-of-mouth referrals and has a good level of profitability. There is a base of loyal, long-term clients including c.60 SMSFs and a large cohort of individual tax return clients who are well prepared, low maintenance, and pay on the spot. Operations are efficient and the practice utilises Xero. The Principal is supported by a capable and collaborative team with good client relationships. This practice would be ideally suited to an individual or an existing practice comfortable with individual clients and/or with a financial planning offering.

West Gippsland Victoria $500,000 in fees

This is a long established and highly reputable one Principal practice in an attractive and growing urban fringe location. The practice comes with stable fees and long-term clients, generates good levels of profitability and has well managed debtors. The Principal is supported by a capable, productive team with strong client relationships. There is scope for growth including organic in the existing client base, new clients in line with the area's economic growth and additional services such as Financial Planning. This opportunity could suit an accountant or small practice looking to grow on the back of an established and well regarded firm, or alternatively the opportunity for a larger firm looking to better leverage the Vendors capability and experience.

Perth Acquisition Opportunity

This exceptional accounting and business advisory practice is expected to generate $2.17m in professional fees in FY25(E) and produce a normalised EBITDA FY25(E) of $1.17m after a market remuneration of $201k. Over the last 8 years, the principal has built a loyal client base, with the current practice centrally located in inner Perth.

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