Sold! Substantial Bookkeeping And Accounting Fees
Melbourne, Victoria 3000
SOLD
Key Features
AI generated. Contact seller to confirm.
- Portfolio of 60 quality business clients
- Annualised revenue exceeding $720,000
- Highly efficient operation with cost advantage
- Generating over 55% gross margin
- Majority of work done by contractors
- High percentage of clients in health and Not for Profit
- Turnover: $720,000
- Net Profit: Not disclosed
- Rent/Lease: Lease in place
- Stock Value: Included
- Established: Over 30 years
Business Details
Business Category Accounting Bookkeeping
Business ID: BS154298
Portfolio of quality business clients with annualised revenue of over $720,000
This quality portfolio consists of 60 business clients with annualised revenue from:
- Bookkeeping fees of $54,490 per month or annualised fee of $653,880
- Annual professional fees for preparing and lodging Tax Returns (from 12 clients) of $37,350
- Profit from software subscriptions of $30,000 per year
The portfolio of clients offers an ideal opportunity for a new owner to take over using the proven service model with great potential to expand the operations further if desired.
- Highly efficient operation using both local and overseas employees/contractors to deliver high-quality services while maintaining a substantial cost advantage in the marketplace
- Well-established and highly profitable portfolio of clients
- Generating over 55% Gross Margin from fees generated
- Highly systemised with majority of work undertaken by employees/contractors
- High percentage of health, Not for Profit, and professional within the portfolio
- Over 30 percent of clients paying over $1,000 per month
This will be an ideal :
- “bolt-on” to an accounting firm seeking to expand or grow its in-house bookkeeping capability
- A bookkeeping and accounting qualified professional seeking to start their own professional bookkeeping business
Asking Price: The vendor will sell the portfolio of clients as one whole portfolio for $970,000 or will consider splitting them into three separate parcels with asking prices of $150,000, $400,000, and $420,000 each.
Property Code: 3535
Portfolio of quality business clients with annualised revenue of over $720,000
This quality portfolio consists of 60 business clients with annualised revenue from:
- Bookkeeping fees of $54,490 per month or annualised fee of $653,880
- Annual professional fees for preparing and lodging Tax Returns (from 12 clients) of $37,350
- Profit from software subscriptions of $30,000 per year
The portfolio of clients offers an ideal opportunity for a new owner to take over using the proven service model with great potential to expand the operations further if desired.
- Highly efficient operation using both local and overseas employees/contractors to deliver high-quality services while maintaining a substantial cost advantage in the marketplace
- Well-established and highly profitable portfolio of clients
- Generating over 55% Gross Margin from fees generated
- Highly systemised with majority of work undertaken by employees/contractors
- High percentage of health, Not for Profit, and professional within the portfolio
- Over 30 percent of clients paying over $1,000 per month
This will be an ideal :
- “bolt-on” to an accounting firm seeking to expand or grow its in-house bookkeeping capability
- A bookkeeping and accounting qualified professional seeking to start their own professional bookkeeping business
Asking Price: The vendor will sell the portfolio of clients as one whole portfolio for $970,000 or will consider splitting them into three separate parcels with asking prices of $150,000, $400,000, and $420,000 each.
Property Code: 3535
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This business is somewhat unique and has no similar competition in this region, category or price bracket.
