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North Humberside based Practice - c. £350,000 of GRF for Sale

Seller Ref : 394039
North Humberside based Practice - c. £350,000 of GRF for Sale My client, based in the Hull area, offer their 10 years established practice, a committed handover and loyal staff to the market for the first time. The opportunity is to acquire a well-established, profitable business (48%) and quality portfolio of clients, evenly spread over differing sectors from: property concerns to window cleaners; engineering to farming; GP’s to consultants and many besides. The 600 clients are all, barring a handful, within the Humberside and East Riding area and comprise circa; 261 limited companies, 250 sole traders, 26 partnerships and the remainder being self-assessments. With the largest client relationships providing fees of 6,000 GBP, 4,200 GBP and 4,000 GBP this retiring owner is looking to meet with interested acquirers to find the right fit for the clients and someone who will be positioned to continue the high standards on which the practice and its reputation have been built. The firm provides stat accounting, VAT, book keeping, payroll, business advice and it is felt additional services could be added across the portfolio of clients to grow the business further. Clients are well accustomed to providing information in a timely manner, creating a good processing work flow. Pleased to provide a committed handover, my client will assist the new owner so that they can benefit fully from transference of goodwill and offers claw-back provision under the right terms. If desired, the premises could be retained, at approx. £10.5k per annum. This desirable, profitable business is already attracting interest, to discover more about this opportunity and arrange a meeting contact quote reference: Ref: 394039

South Hams/South Devon Area – Block of fees - £80,000 GRF

Seller Ref : 332011
South Hams/South Devon Area – Block of fees - £80,000 GRF My client, with established practice for over 8 years offers their established business and loyal clients to the market for the first time due to retirement from the industry. With the desire to find the right values fit and personality fit for the business, the practice comes with a committed handover to ensure full transference of client goodwill and ensure the highest amount of client retention is achieved. The opportunity is presented without incumbent staff, although there is the potential for a, soon to be fully qualified Chartered Certified individual, subject to discussion and agreement by both parties, if this is of interest. The opportunity also comes without commitment to existing premises. The GRF is derived from a portfolio of 50 clients, comprising 22 limited companies, 24 Sole Trader’s, 2 Partnerships and 2 Charities and completed a total of 65 tax returns. The majority of clients are within a 10 -15 miles radius of the present practice location presenting a good localised concentration of clients in the South Hams area of South Devon. Clients pay monthly fees, providing excellent cash flow management and this VAT registered business comes to the market with average client relationships of 5 years, with the top three clients generating annual fees of over £7,000, £4,500 and £4,500. The firm provides the usual general practice services of stat accounting, VAT, book keeping, Payroll etc. The practice uses Xero, Tax Calc, and VT software and is also licenced for Quickbooks. Client service is tailored to the client needs and preferences. As a fully cloud based practice, and effective user of technology for client and work efficiency benefits, the workflow comprises 95% of clients being serviced remotely, and face to face service provided in 5% of cases. The firm is excellently placed for a new acquirer to leverage from the excellent work done in recent years, which has seen excellent recent growth, and provides an excellent opportunity to grow even further capitalising on a good level of referrals and well presented online presence. The vendor is flexible to asset or share sale and is open to negotiation in relation to payment terms but requests a minimum deposit of 50% for the transaction and offers clawback provision under the right terms. To arrange a meeting quote reference: 332011

Southampton area – Block of fees/Practice £65,000 GRF

Seller Ref : 394055
Southampton area – Block of fees/Practice £65,000 GRF My client, with an established firm of over 9 years offers their business and loyal clients to the market for the first time. The opportunity is available either as a block of client fees, which can be established within an existing local practice, or can be continued in the current offices which are newly renovated, and available on flexible terms, which may suit a growing sole practitioner or practice. The portfolio of 138 clients, comprise 58 limited companies, 79 Sole Trader’s and 1 Partnership with the firm most recently completing 150 tax returns and having 43 payroll clients. The majority of clients are located within the Southampton area with a handful of clients outside the local area serviced by phone, email, post and skype where necessary. The top three clients generate fees of £2,000, £1,900 and £1,500. The opportunity comes without incumbent staff and is easily manageable for a sole practitioner, or, can be established within a firm looking to utilise their existing capacity to directly increase their bottom line profitability. This is a general practice providing the usual services of stat accounting, VAT, book keeping, Payroll, Company secretarial etc. The practice uses Tax Calc, Quickbooks, Moneysoft, and Sage software, and client service is efficiently provided with typically two to a maximum of three weekly client meetings held at the firm premises, with further client services provided remotely by phone, email, post, and Skype. The firm has been experiencing double digit growth for the past few years and generates good monthly cash flow with £39,000 of annual income being received monthly by standing order presenting and excellent cash flow position. The vendor offers flexibility for the right acquirer in relation to portability of clients and is open to negotiation in relation to payment terms but requests a minimum deposit of 50% for the transaction and offers clawback provision under the right terms. To arrange a meeting quote reference: 394055

Ryedale Situated Practice – T/O circa £130k GBP

Seller Ref : 393264
Ryedale Situated Practice – T/O circa £130k GBP A unique opportunity to acquire an established and award winning practice, returning £100,000 GBP of GRF p.a. with an average fee of £740 GBP; as well as generating additional income from regularly occurring one-off pieces of work. A practice established for over 10 years, my client offers 135 clients in the East Riding and wider Yorkshire area, owing to the retirement of the principle. The firm provides service and advice to range of clients from Ltd Companies (44) to Sole Traders and Partnerships (84) with annual fees up to 7,000 GBP pa. Offering a full handover to a focused individual looking to start up or a firm desiring to expand, this well looked after business offers great development potential. The principal is looking ideally for an acquirer to retain their smaller practice feel, experienced staff and office lease (where required by the acquirer). This desirable, well established practice is already attracting interest, so to avoid disappointment contact us today quoting REF: 393264

East Belfast Area - 33k GBP Fee Block - Offers Over 35k GBP

Seller Ref : 393833
East Belfast Area - 33k GBP Fee Block - Offers Over 35k GBP A rare opportunity to acquire a block of fees returning circa 33,000 GBP p.a. My client offers approx. 85 clients in the east Belfast environ, 21 of whom are limited companies and partnerships, 60 sole traders/self-assessments. This desirable block yields average fees of 785 GBP for limited companies, 250 GBP for sole traders and up to 1,600 GBP for the largest client. With relationships built up over 10 years, my client is looking ideally for an acquirer to retain their smaller practice feel; as well as offering his services, in a warm handover capacity, over a six to twelve month period to smooth the transition. This desirable, locally portable client base is already attracting interest, so to avoid disappointment contact us today quoting REF: 393833

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Testimony

‘A friendly and attentive service, Steve helped me define exactly what I wanted and had a good grasp of all of the available options on the market...’
Robert Graham - Scotland
Retired Professional Practice Proprietor

‘A professional service, giving me a good choice of firms and comparisons enabling me to make the right choice selling to a family firm, a decision both I and my clients have been very happy with...’
Bill Kelleher - Wales
Retired Professional Practice Proprietor

‘Thanks for your assistance with the sale of my business. It’s taken less than 19 weeks from when I first contacted you to complete the sale...’
Paul Gibbins - Nottinghamshire
Retired Professional Practice Proprietor

‘We have now sold our business, and have been able to move on quickly and efficiently. Many thanks...’
Bill Lake - Suffolk
Retired Professional Practice Proprietor

‘Great service, I have been very happy with the sale, the advice and the results of the sale...’
Bill King - Cheshire
Retired Professional Practice Proprietor

‘Michael and I greatly valued your experience and professionalism in arranging the deal struck and would unhesitatingly recommend your services to other practitioners seeking to move to the broad, sunlit pastures of retirement...’
Mark Watts - Middlesex
Retired Professional Practice Proprietor

‘I want to thank you for your help in selling my company. I did not really wish to retire but with the new legislation I felt it was time to call it a day... I know my clients are in a safe pair of hands.’
Judy Smithers
Retired Professional Practice Proprietor