Sold! Geelong Based Accounting Fee Parcel For Sale
Geelong, Victoria 3220
SOLD
Key Features
AI generated. Contact seller to confirm.
- Family-owned business with long trading history
- Services include tax returns and business advisory
- Gross fees of over $520,000 for FY2023
- 98% of fees from business clients
- Office space of 400 sqm available for lease
- Opportunity for revenue and profitability improvement
- Turnover: $520,000
- Net Profit: Not disclosed
- Rent/Lease: Lease in place
- Stock Value: Not disclosed
- Established: Not disclosed
Business Details
Business Category Accounting
Business ID: BS155027
FY2023 Gross Fees of over $520,000
This Geelong-based Accounting Practice with a long trading history is offering its entire portfolio of clients for sale. The family-owned business has decided to sell the portfolio of clients due to the recent passing of the founder, who was one of the Principal Accountant in the business.
- Main services include Tax returns and planning, Business Advisory, Company Secretarial, BAS & Bookkeeping
- The gross fee invoiced for FY2023 was over $520,000 (excluding GST) from a total of 88 clients
- Over 98% of fees were generated from business clients
- The accounting software used by clients is mainly Quickbooks, with a small number of Xero and MYOB
- Operating from an office of 400 sqm with a rental of around $5,000 per month
- Opportunity to take over the lease of the office as it is well located to service the growing commercial activities in Geelong and the surrounding region
- Potential to improve revenue and profitability.
The Principal Accountant and existing team members can be employed or contracted to assist with a smooth transition.
The portfolio of quality clients will be suitable for a qualified accounting professional (registered Tax Agent) or as a “Bolt-on” to an accounting practice with experience in servicing small to medium-sized businesses.
Asking Price: $385,000 plus Assets
Property Code: 3622
FY2023 Gross Fees of over $520,000
This Geelong-based Accounting Practice with a long trading history is offering its entire portfolio of clients for sale. The family-owned business has decided to sell the portfolio of clients due to the recent passing of the founder, who was one of the Principal Accountant in the business.
- Main services include Tax returns and planning, Business Advisory, Company Secretarial, BAS & Bookkeeping
- The gross fee invoiced for FY2023 was over $520,000 (excluding GST) from a total of 88 clients
- Over 98% of fees were generated from business clients
- The accounting software used by clients is mainly Quickbooks, with a small number of Xero and MYOB
- Operating from an office of 400 sqm with a rental of around $5,000 per month
- Opportunity to take over the lease of the office as it is well located to service the growing commercial activities in Geelong and the surrounding region
- Potential to improve revenue and profitability.
The Principal Accountant and existing team members can be employed or contracted to assist with a smooth transition.
The portfolio of quality clients will be suitable for a qualified accounting professional (registered Tax Agent) or as a “Bolt-on” to an accounting practice with experience in servicing small to medium-sized businesses.
Asking Price: $385,000 plus Assets
Property Code: 3622
What's Nearby
Nearby Locations
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This business is somewhat unique and has no similar competition in this region, category or price bracket.
