Current turn over circa: £ 150,000

Offers over: £ 130,000

Established: 20-2 years

Gross Recurring Revenue: 100-150k

Number of staff: 0-1

Locations: Exeter

Additional Notes: My client, a qualified accountant with an established business of over 20 years offers their practice and on-going support to the market for the first time.

With an eye on retirement this practitioner represents an opportunity for a deferred acquisition of a well-established business and portfolio of clients in and around the Exeter and South Exeter area.
The portfolio of 150 clients comprises 75 limited companies, 69 Sole traders, 6 partnerships and most recently completed 240 tax returns.

The owner is looking to continue in the business for a period before either part or full retirement. The opportunity therefore is to work collaboratively in the short term and benefit from sharing resources, facilitating changing industry demands, provide referral opportunities and enhance profitability with a view to taking over the business either gradually or in full at a future point.

This is a general practice providing the full suite of accountancy services including stat accounts, VAT, and payroll with currently 85% of income generated from compliance, only 10% from book keeping and 5% from payroll.
Opportunities therefore exist for additional services/enhanced income across the portfolio which can be considered and agreed.

With the largest clients commanding fees of £15,000 and between £6-7,000 this is an excellent localised book of clients and opportunity to work with a seasoned professional and develop strong client relationships to ensure the highest levels of client retention at point of full acquisition.

The practice currently uses IRIS software and presents an excellent opportunity for the right acquirer.

The vendor is open to negotiation and discussion with interested parties with claw back provision under the right terms.

For more information please call 01765 698 699 and quote the reference number 30052

Accountancy Practices similar to this