This listing Has Been Sold

Retiring Principle Exploring Succession For Well Established and Profitable Practice - GRF Circa £1,100,000

Current turn over circa: £1,100,000

Offers over: £1,000,000

Established: More than 35 years

Gross Recurring Revenue: 1-2m

Number of staff: 10 to 20

Locations: Greater London

Locations: London

Additional Notes: The practice briefly comprises;

633 clients;
340 Ltd Co's -
24 Sole Traders -
3 Partnerships -
12 Audits -
271 Tax returns -
60 Payroll -

Avg Fee (Every Client Included) = £1772 (Full Client Breakdown Available after first meeting.

Young average client age of 45-55

13 members of experienced staff headed by Principle and Wife
(Tax/Bookkeeping/Accounting)

Lease in London Area with 2 year Break Clause (£51,000 per annum)

Circa £375,000 EBITDA

The acquirer will benefit from a 2/3 year handover period with the retiring principle. Alongside a strong team of qualified staff with great relationships with long standing clients that have allowed for the 'decentralised' running of the practice.

Clients familiar with standard back office systems - IRIS

For more information please call 01765 698 699 and quote the reference number 30926 ask for Abi Barker

REQUEST BUSINESSES LIKE THIS

Accountancy Practices similar to this

Location Turnover Offers Over