Southport based Practice – £400 000 GRF for Sale

Current turn over circa: £400,000

Offers over: £500,000

Established: 10-1 years

Gross Recurring Revenue: 300-500k

Number of staff: 5-10

Locations: Southport

Additional Notes:
My client, a chartered accountancy practice offers their business and loyal clients to the market for the first time, with a focus on completing at an appropriate and mutually agreeable point next quarter.

The exiting proprietor is committed to being flexible with regards to an acquirer’s needs in terms of a handover offering anything between 6 months and three years with the option of relocating nearby or alternatively, renting the current premises, resulting in minimal stress for an acquirer.

The GRF is generated from a portfolio of around 400 client relationships with the majority of clients residing within 10 miles of the practice. 30% of the portfolio are limited companies with the remaining 70% comprising sole traders, partnerships and personal clients.

The practice enjoys 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 £20 000 demonstrating the low risk levels associated with the portfolio.

The practice is technologically adept, with further opportunities available in terms of streamlining processes and provides a service described as trustworthy, approachable and timely, thus providing ample opportunity for an acquirer to grow using the outstanding goodwill.

The practice comes with a full complement of loyal staff members, with some capacity available within the team and receives ongoing referrals resulting in at least one enquiry every week, providing ample opportunities to capitalise on the existing relationships and progress the firm to the next level of growth and development.

The practice is excellently placed for an 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 practice that puts clients and staff well being first and who can be flexible in terms of deal timings and handover capacity.

For more information please call 01765 698 699 and quote the reference number 30126

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