Bristol and south area - Chartered practice – Long established - Budget to £5 Million

Up front budget: £ 1,650,000

Current turn over circa: £ 5,000,000

Cash offer: Up to 1.5 x GRF higher for something special

Established since: 2000

Locations: Somerset

Additional Notes: My client, a Chartered Practitioner and experienced acquirer is looking to acquire a block of fees or practice as part of their continued success and growth plans and is looking for opportunities from Bristol and south to Weston-super-Mare to Bridgwater and surrounding areas.

This is a highly experienced, multi skilled firm who have a breadth of knowledge and expertise to look after anything from a personal tax return or complex individual tax planning to startups and international businesses across many sectors.

Priding themselves on a high level of face to face service to truly understand client needs and aspirations, this firm provides a hands on, partner led approach akin to a smaller firm but with the skill, experience, specialist knowledge and support of a large business.

About the acquirer:
• Long established business
• Will pay up to 1.5x GRF for the right business – higher for something special!
• Ongoing retention of the seller is an option with a blended remuneration package of cash, salary and equity share tailored to the needs of the seller and subject to the commercial opportunity
• Consideration given to acquiring the freehold of premises on an individual case basis
• Very high client retention from its core business and previous acquisitions
• Long term clients relationships and happy clients
• Wide array of services and specialisms to cater to all client needs

A premium offer will be available to practices offering;

Locations:
Bristol and south to Weston-super-Mare to Bridgwater and surrounding areas.

Turnover (GBP):
To £5 million

Client Base & Service:
General practice – this acquirer has a broad spectrum of clients and a vast array of specialisms to meet any specialist needs across the portfolio

Premises:
Consideration

Practice System:
Xero, Quickbooks, Sage, Digita

Staff:
Full Consideration

Purchase Method:

This highly successful firm offers flexibility and will pay up to 1.5x recurring fees for the right business, higher for something special, and will pay with a competitive deposit with completion within 2 years for a straight for sale.

The option of ongoing owner retention post sale is also an opportunity with an excellent remuneration package comprised of initial upfront cash deposit, competitive ongoing salary and possible equity share. Packages are custom built to the wants and desires of the seller on a case by case commercial basis.