Bookkeeping Practice - $950k Annual Turnover

This is a well-established and highly profitable Brisbane based Bookkeeping practice. Established by the current owners in 2001, it is producing a $380,000 p.a. net profit before owner’s salary.

The business is highly systemised with 80% of its income received via a monthly retainer. Clients are located across Australia with services offered in bookkeeping, payroll and creditor management.

The practice is in an ideal position for a new owner to take over, with the existing service model providing a great platform to expand the operations further if desired. Growth potential is high for a motivated operator.

Key Points
- 2021/22 FY turnover $907,000
- Projected 2022/23 FY turnover $950,000
- Highly systemized with 80% of income received via monthly retainers
- Practice has a specialty in one particular sector which accounts for 72% of turnover
- Specialisation means Practice has a competitive advantage over other general practices
- Profit before owner’s wages at 40% of turnover
- Modern office premises
- 8 experienced staff servicing over 130 clients
- Solid handover period offered

Asking price of $990,000 includes all plant and equipment.

You’ll have questions. Under confidentiality, we are happy to discuss in more detail. So, get in touch to find out more about this well-established and profitable Practice.