Chester Based Practice – Requiring block of fees/ practice – £150 000 - £1 000 000 GRF Budget

Up front budget: £ 500,000

Current turn over circa: £ 800,000

Cash offer: 1.6x

Established since: 2003

Locations: Chester

Additional Notes:
My client, a highly successful accountancy practice is interested acquiring a block of fees or practice on flexible terms and is prepared to pay a premium price of up to 1.6x GRF with up to 75% upfront on lower valuations for the right business in the Chester, Wrexham, Ellesmere Port, Satney, Deeside, Buckley, Broughton, Mold, Holt, Waverton, Taporley, Malpas and surrounding areas.

A seasoned acquirer, this buyer has well-honed processes to ensure the smoothest client transition and is well placed to ensure the highest levels of client retention, boasting previous retention rates of between 90-100% in all of their previous acquisitions. This will ensure the longevity of client’s post acquisition, result in quick processes and provide your clients with minimal changes to ensure maximum retention. In addition, the practice has the cash ready internally and available to fund further expansion via acquisitions, resulting in a quick process, not wasting any of your time and providing you with a premium offer on the business.

Currently growing at an organic rate of 33% in the last 12 months, this rapidly expanding practice has long-term client relationships since formation over 10 years ago and represents a unique opportunity to provide your clients with an excellent all-encompassing service. The strong culture of trust as well as the relaxed, face-to-face and above the mark advisory service delivery enables this practice to develop their client’s businesses forward above and beyond, resulting in consistently happy high referring clients that generate 1 new client enquiry per week, allowing you to leave your clients in highly capable and safe hands, providing you with complete peace of mind moving forward.

In addition to being passionate about building strong client relationships, this firm is committed to being flexible with regards to the current owner’s needs, offering flexible handovers of up to 5 years and depending on the size of acquisition, is keen to bring on existing staff members to their existing talented, modern and relaxed team. With offices space available to create synergies on an acquisition, or alternatively open to considering premises retention in new locations, the flexibility will provide your clients with minimal changes and making the whole process as easy and stress free as possible for the current owner.

For more information please call 01765 698 699 and quote the reference number 177298