Retiring Accountant - Accountancy Practices Sellers North West & Cumbria - Page 3

Accountancy Practices for Sale North West & Cumbria

Page 3 of 5
sold sash banner

Current turn over circa: £240,000

Offers over: £280,000

Established: 25 to 30 years

Gross Recurring Revenue: 200-300k

Number of staff: 1 to 3

Locations: Cheshire

Additional Notes: - My client, a Chartered firm, is coming to the market for the first time due to retirement and is happy to provide any acquirer with a long and warm handover to ensure a smooth transition for current clients and employees

- Client portfolio comprises 84 limited companies, 30 Sole Trader’s, 4 partnerships which combine to produce 180 total Tax returns

- Top 3 clients generating fees of £6,000 - £8,000

- Using software including Xero, Sage & CCH my client has very much embraced the modern era which will aid in a seamless transition in the future

- Qualified staff members available to support the transition and help continue client relationships

For more information please call 01765 698 699 and quote the reference number 30881

sold sash banner

Current turn over circa: £240,000

Offers over: £280,000

Established: 25 to 30 years

Gross Recurring Revenue: 200-300k

Number of staff: 1 to 3

Locations: Cheshire

Additional Notes: - My client, a Chartered firm, is coming to the market for the first time due to retirement and is happy to provide any acquirer with a long and warm handover to ensure a smooth transition for current clients and employees

- Client portfolio comprises 84 limited companies, 30 Sole Trader’s, 4 partnerships which combine to produce 180 total Tax returns

- Top 3 clients generating fees of £6,000 - £8,000

- Using software including Xero, Sage & CCH my client has very much embraced the modern era which will aid in a seamless transition in the future

- Qualified staff members available to support the transition and help continue client relationships

For more information please call 01765 698 699 and quote the reference number 30881

Current turn over circa: £60,000

Offers over: £85,000

Established: 10-1 years

Gross Recurring Revenue: 50-70k

Number of staff: 0-1

Locations: Cheshire

Locations: Chester

Additional Notes: - An opportunity to acquire £60,000 worth of fees. Of which £20,000 is compliance-based accountancy and £40,000 comes from added value services. Such as annualised fees from business services providing business development, management accounts, business start-ups and mentoring where the practice is adding value to a distilled client base

- Chartered practice specialising in the provision of high-quality business advice, accounting and tax solutions. Expert knowledge and experience enables this principle to provide our clients with the highest quality business and financial solutions.

- Exciting opportunity to acquire a retiring principal loyal, client base of 14 Ltd Companies and 6 Sole Traders, who are serviced remotely meaning there are no overheads to inherit.

- The principle provides the option of relocating this practice, as well as without staff members resulting in minimal stress for an acquirer. The proprietor is also committed to being flexible regarding the handover period to help bed in the clients. Therefore, you are more likely to retain the clients you are taking on.

For more information please call 01765 698 699 and quote the reference number 30145

REQUEST INFORMATION

Current turn over circa: £55,000

Offers over: £60,000

Established: 15 to 20 years

Gross Recurring Revenue: 50-70k

Number of staff: 0

Locations: Cheshire

Locations: Chester

Additional Notes: - The core income comes from 15 limited companies and 75 sole traders, room to add value by getting a quicker return by increasing the top line.

- Over 60% adjusted EBITDA that can be ported straight onto your bottom line.

- No staff or premises so no overheads to inherit.

- My client is keen on providing a warm handover period to ensure strong retention rates going forward, and would be interested in a consultancy agreement for the following 12-24 months post completion to encourage a smooth transition for both staff and clients.

- Ideally suited for someone starting out in the industry or a principle with a small block of clients wanting to expand.

For more information please call 01765 698 699 and quote the reference number 30241

REQUEST INFORMATION
on hold sash banner

Current turn over circa: £40,000

Offers over: £48,000

Established: 5 to 10 years

Gross Recurring Revenue: 30-50k

Number of staff: 0

Locations: Greater Manchester

Additional Notes:
- No overheads to inherit.
- Goodwill purchase.
- Manchester based SME client base.

For more information please call 01765 698 699 and quote the reference number 30818

offer sash banner

Current turn over circa: £300,000

Offers over: £400,000

Established: 10 to 15 years

Gross Recurring Revenue: 200-300k

Number of staff: 3 to 5

Locations: Greater Manchester

Locations: Manchester

Additional Notes: - Manchester Client Base
- 12-24 Month Principal Handover

My client, established over 10 years and represents clients across Central & Greater Manchester offers their practice, staff and on-going lease to the market for the first time. Through retirement the opportunity to acquire this portfolio of 120 Ltd Companies with fees from £400 - £18,000 has arisen and the principal offers their phased handover on a reducing scale for a period up to 2 years if required.

You will enjoy long standing client relationships, the opportunity to retain 4 staff, demonstrable track record of organic growth and an office well positioned to service the area. The firm currently provides a full suite of services including bookkeeping and payroll but no in-house Audit and the principal would like to focus on client transfer going forward.

This would make an ideal acquisition for a firm looking for an additional site, to expand an existing office or an individual looking to take over and build on the solid foundations of this firm.

The vendor is open to negotiation but requests a minimum deposit of 40% (ideally 50%) for the transaction and payments over 2 years whilst he offers full clawback provision. To arrange a meeting quote reference 215723

For more information please call 01765 698 699 and quote the reference number 22875

Current turn over circa: £320,000

Offers over: £370,000

Established: 25 to 30 years

Gross Recurring Revenue: 300-500k

Number of staff: 3 to 5

Locations: Greater Manchester

Additional Notes:
- The practice prides itself on being approachable and always available, thus providing ample opportunity for an acquirer to grow using the outstanding goodwill.

- With an estimated amount of clients of between 300 and 400 the average fee is CHUNKY and the top fees roughly between £2,000 and £3,000.

- Quality client base with a good spread of limited companies and payroll clients
The exiting proprietor is committed to being flexible with regards to an acquirer’s needs in terms of a handover offering anything between 6 to 24 months.

- The practice is excellently placed for a new acquirer to capitalise on the existing relationships and progress the firm to the next level of growth and development. This proprietor is looking for a friendly and professional firm that is either locally based or will retain the premises and staff.

For more information please call 01765 698 699 and quote the reference number 23176

REQUEST INFORMATION

Current turn over circa: £45,000

Offers over: £50,000

Established: 25 to 30 years

Gross Recurring Revenue: 30-50k

Number of staff: 0

Locations: Cumbria

Additional Notes:
- No staff or costs to inherrit.
- Full handover of long standing client relationships provided.
- Only suitable for a cash buyer who can move swiftly.

For more information please call 01765 698 699 and quote the reference number 30796

REQUEST INFORMATION
offer sash banner

Current turn over circa: £75,000

Offers over: £88,000

Established: 15 to 20 years

Gross Recurring Revenue: 70-100k

Number of staff: 1 to 3

Locations: Lancashire

Locations: Blackpool

Additional Notes:
-Coastal client base.
-Suitable for a FY postcode based, small to medium sized accountancy firm.
-50% payable on completion of the purchase.

For more information please call 01765 698 699 and quote the reference number 30623

offer sash banner

Current turn over circa: £60,000

Offers over: £100,000

Established: 10 to 15 years

Gross Recurring Revenue: 50-70k

Number of staff: 1 to 3

Locations: Oldham

Additional Notes:
- Principal available for a 3-6 month handover

- Looking to sell quickly due to urgent health reasons with minimal clawback provisions

- 100 clients with 90% sole traders and 10% limited companies

For more information please call 01765 698 699 and quote the reference number 30556

offer sash banner

Current turn over circa: £130,000

Offers over: £169,000

Established: 30 to 35 years

Gross Recurring Revenue: 100-150k

Number of staff: 1 to 3

Locations: Merseyside

Additional Notes: - The GRF is generated from a portfolio of around 190 clients which includes 50 limited companies, 50 sole traders and the remaining comprised of partnerships, sole traders, and personal clients.
- The practice boasts long term relationships with all clients, many of which have been sustained for over a decade, ensuring you will have a strong foundation of goodwill to further develop your business.
- Software includes VT, Xero and Quickbooks.
- General practice work including accounts, taxation, VAT, payroll and bookkeeping.

For more information please call 01765 698 699 and quote the reference number 30540

sold sash banner

Current turn over circa: £150,000

Offers over: £150,000

Established: More than 35 years

Gross Recurring Revenue: 100-150k

Number of staff: 1 to 3

Locations: Lancashire

Additional Notes:
- Fully portable

- Team in situ and able to work from home

- Full transition available from the vendor

For more information please call 01765 698 699 and quote the reference number 30514

sold sash banner

Current turn over circa: £100,000

Offers over: £130,000

Established: 20 to 25 years

Gross Recurring Revenue: 70-100k

Number of staff: 1 to 3

Locations: Lancashire

Additional Notes:
- Flexible retiring Principal that will aid with the transition

- Good quality client base

- Portable locally

- No continuing staff members and therefore the GRF can be absorbed by your existing structure, going straight onto your bottom line

For more information please call 01765 698 699 and quote the reference number 30461

sold sash banner

Current turn over circa: £250,000

Offers over: £250,000

Established: 5 to 10 years

Gross Recurring Revenue: 200-300k

Number of staff: 3 to 5

Locations: Merseyside

Additional Notes:
- Chartered Practice
- Sole practitioner
- Circa £250,000 T/O and £230,000 GRF
- 95% clients are paying monthly by Direct Debit providing excellent monthly cashflow
- Strong commercial client portfolio of 127 Limited companies 20 Sole Traders, 8 Partnerships, 45 Payrolls
- Rapid growth over the past 12 months due to excellent online presence and high levels of client referrals
- Strong EBITDA
- Excellent longevity of client relationships and high client retention
- Excellent age demographic of around age 45
- Typical to top 10 firms - cash flow forecasting, monthly management meetings to help clients with business growth
- Top 3 clients - £18,000, £15,000, £13,000
- This successful business owner owns the office premises which can be maintained on a flexible lease - not a condition of sale
- 4 loyal staff available
- Using accountancy manager for practice management, Tax filer, Xero, Sage
- Strong handover available on the right terms


This is an excellent, commercially focused client portfolio with a strong monthly cash flow available with a great deal of flexibility to make the sale/acquisition as successful as possible for all parties

For more information please call 01765 698 699 and quote the reference number 30396

Current turn over circa: £300,000

Offers over: £300,000

Established: More than 35 years

Gross Recurring Revenue: 200-300k

Number of staff: 5 to 10

Locations: Cumbria

Additional Notes:
- This practice is making over a 33% profit margin, providing any purchaser with a strong return on their investment

- With a great staffing team available to support, in addition to a warm handover from the existing principal, any purchaser can expect the highest levels of continuity and client retention

- Servicing about 400 clients, 25% of the portfolio are limited companies and the average age of clients is under 45, giving you the benefit of many years worth of income and referrals

- Ideally, this principal is looking for a purchaser that stresses continuity and would be able to retain the offices for a period of at least 12 months

For more information please call 01765 698 699 and quote the reference number 30328

REQUEST INFORMATION
sold sash banner

Current turn over circa: £0

Offers over: £50,000

Established: 1 years

Gross Recurring Revenue: <30k

Number of staff: 0

Locations: Tyne and Wear

Additional Notes:
- A fully fledged and operational 2 surgery dental practice that previously turned over £240,000 per annum solely from one dentist

- Due to unforseen circumstances, the full rebrand and new state of the art equipment (originally purchased at over £150,000) is for sale, with the fantastic opportunity of building up a practice from scratch your way

- In a busy location with hundreds of local businesses, thousands of potential patients and unlimited car parking spaces, the significant potential and guarenteed demand for a private practice is clear (with no local competitors)

- A new lease will be granted for the purchaser, including an initial rent-free period to allow you to get the business off the ground again minimising your risk

- In the future there is a further opportunity within the practice to add up to 2 more additional surgeries giving you an uncapped level of potential

- With two waiting areas, a staffing room and furnished to the highest possible standard this practice is calling out for a confident dentist to grasp the opportunity and build up a fantastic private practice from the ground up, with everything ready to go

For more information please call 01765 698 699 and quote the reference number 30327

Current turn over circa: £300,000

Offers over: £360,000

Established: 15 to 20 years

Gross Recurring Revenue: 300-500k

Number of staff: 5 to 10

Locations: Cumbria

Additional Notes:

- A paperless, well-established and shop-front based accountancy firm on the market as the principal is looking to retire from the industry

- Servicing in total 500 clients, with 25% of these being limited companies the portfolio has a good spread and a strong average fee

- A strong team is in place to ensure a smooth transition and give you the top levels of retention growing your business for the foreseeable future

- Despite the principal being at retirement age, from receiving an average of 2 enquiries every week clients on average are in their forties, giving you many years of return for your initial investment

- A profitable outlet, this well run accountancy firm stresses customer service and going the extra mile boasting quick turnarounds, thus demonstrating the kind of quality business you could purchase

For more information please call 01765 698 699 and quote the reference number 30314

REQUEST INFORMATION
on hold sash banner

Current turn over circa: £25,000

Offers over: £30,000

Established: 10 to 15 years

Gross Recurring Revenue: <30k

Number of staff: 0

Locations: Lancashire

Additional Notes:
- This fee block is fully portable to any location within the Lancashire area, giving you complete flexibility in terms of where you will service the clients from

- The current principal will provide a handover in full to ensure the relationships are transitioned and any acquirer will gain the benefit of many years worth of income from the portfolio

- There are no other staff members involved in servicing the portfolio, making the purchase as simple as possible and giving the fee block a very strong profitability level

- The income is made up from 50 clients, of which 40% are Limited Companies and the remaining 60% are Sole Traders demonstrating the quality of the business

- The clients have an average age within their 40's meaning you will get many years worth of income from the fee block, giving you a strong return on investment

- Through word of mouth, the client base has consistently increased year on year with no marketing or proactive work providing a strong foundation for a purchaser to build upon further

- A number of clients are based in the London area and are serviced remotely with intermittent face-to-face visits (which any purchase would need to continue)

- This smaller acquisition opportunity is ideally suited for either someone starting to run their own accountancy firm, or alternatively this would allow an established practice to port the fees straight onto their bottom line

For more information please call 01765 698 699 and quote the reference number 30305

Current turn over circa: £700,000

Offers over: £900,000

Established: 25 to 30 years

Gross Recurring Revenue: 0.5-1m

Number of staff: 10 to 20

Locations: Greater Manchester,Merseyside

Additional Notes:
- Specialising in audit, this profitable accountancy firm (over 35%) has been listed on the market for the first time

- Boasting a brilliant team to be transitioned, strong middle management, as well as a full handover by the existing principal this business will provide a return for many years to come

- Servicing less than 300 clients there is a strong average fee demonstrating the quality of the portfolio in addition to an average client age of fewer than 50 years old proving you with many years of recurring profits

- Currently this practice is at full capacity and can't take on any additional clients. As a result, on a weekly basis 3/4 client inquiries are rejected illustrating the opportunity for an acquirer to leverage the positive reputation

For more information please call 01765 698 699 and quote the reference number 30300

REQUEST INFORMATION
on hold sash banner

Current turn over circa: £340,000

Offers over: £380,000

Established: 5-10 years

Gross Recurring Revenue: 300-500k

Number of staff: 5-10

Locations: Oldham

Additional Notes:

- Long-term relationships with clients, including many for nearly a decade since the firm’s formation, with the top three clients generating annual fees of over £15 000 demonstrating the low-risk levels associated with the portfolio

- Technologically adept, with over 90% of larger clients paying by monthly direct debit and a service described as highly recommended, relaxed and friendly, thus providing ample opportunity for an acquirer to grow using the outstanding goodwill

- The retiring principal is flexible and will sell 100% of the business or alternatively will gradually transfer the shares of the business over 2-3 years to provide a full transition ensuring the longevity of client base as well as making the proposition more affordable

- There is the option of relocating nearby or alternatively, renting the current premises, resulting in minimal stress for an acquirer

- The existing principal is flexible and is open to working alongside the buyer to improve and develop the practice initially

- The practice comes with a full complement of loyal staff members and receives ongoing referrals resulting in at least two enquiries every week, providing ample opportunities to capitalise on the existing relationships and progress the firm to the next level of growth and development

- This practice is looking for a person/ firm that puts the onus on both client and staff care

For more information please call 01765 698 699 and quote the reference number 30094

Page 3 of 5