Brisbane $1.9 million in fees
An incredibly efficient and effective suburban accounting practice. This longstanding firm has a strong track record of growth and a consistently high net profit margin above 80% (before Vendors remuneration). The client base is high quality and long term, mainly comprising professionals, investors and small businesses, with minimal concentration risk. Billing is value based, while WIP and debtors are both well managed (16 days each at 30 June 2025). The Vendor is committed to a smooth transition to new ownership. The practice is in an attractive location and there are a range of options regarding the premises. Further growth opportunities include business advisory as well as bringing financial planning in-house (currently referred out). This is ideally suited to a buyer who recognises the value in the firm and how it operates and can sustain this while adding more value to clients.
