Business Sold Melbourne, Victoria 3000
Business Category Accounting
SOLD
Description
Sold! Niche Accounting Fees With 100% Property Investors - Melbourne
Business ID: XB159518
FY2024 Revenue of $112,000 by Sole Practitioner
This Niche Accounting Practice with a long trading history is offering its portfolio of clients for sale. The practice is owned and operated by a sole practitioner (CPA qualified), and he has decided to sell this portfolio of clients due to health reasons.
This unique business specialises in providing tax returns and planning to overseas-based clients with residential investment properties in Australia.
Business Highlights:
- Focus on providing tax returns and planning to property investors
- FY2023/24 Gross Fees $112,000
- Total of 189 overseas clients residing in Malaysia (113), Singapore (63), Hong Kong (8), New Zealand (3), USA (1) and UAE (1)
- Clients are serviced from Australia over the telephone and Zoom
- Majority of the workload is from July to September, leaving the rest of the year largely free
- Established relationships with a network of real estate agents and leading property developers to attract new clients
- Current Principal travels to Malaysia and Singapore to meet selected clients as part of his regular visits to the region
- Communication is mainly in English, with some clients prefer to use Chinese (Mandarin) and Cantonese
Transition and ongoing support will focus on ensuring long-term success, which can include travelling overseas to meet with selected clients where appropriate.
With its established track record and relationships, this business offers a rare opportunity to tap into a niche market that offers unique benefits and long-term growth potential.
The portfolio of high-quality clients will be suitable for a qualified accounting professional (registered Tax Agent) with the background and experience to service the unique needs of overseas clients with investment properties in Australia.
Asking Price: $150,000
Property Code: 4065
Similar Businesses For Sale