West Midlands - Chartered Practice - £1.1 Million T/O

Current turn over circa: £1,100,000

Offers over: £1,100,000

Established: More than 35 years

Gross Recurring Revenue: 0.5-1m

Number of staff: 10 to 20

Locations: West Midlands

Additional Notes:
- Opportunity due to retirement/succession planning
- Chartered Practice
- £1.1 million GRF
- Strong profitability
- Long-established firm
- Offering the complete range of audit, accountancy, corporate finance, and taxation services to small and medium-sized businesses
- Client Portfolio consisting of 200 Limited companies, 100 Sole Traders and 30 Partnerships
- Top 3 clients £35,000 to £50,000
- Most frequent fees – Limited £2,500, Partnerships £5,000; Sole Traders £1,000
- 40-45 Audits (mostly to existing compliance client
- 85% of clients within 10 miles radius of the office
- Average client age around age 50
- Using IRIS and Sage One
- Prominent office location with a large private car park
- The premises has the potential to add a further 6-10 people and thus offers expansions capabilities
- Service proposition - 90% face to face; 10% remote
- Strong handover available with principals happy to stay on post-sale for a couple of years on a full time or part-time basis to support the transition

An excellent opportunity to acquire a strong, profitable business with owners committed to making the sale/acquisition a success for all parties

For more information please call 01765 698 699 and quote the reference number 30405 ask for Lauren Burnham