Manchester based practice – Requiring block of fees/ practice - Budget £50 000 – £1 000 000

Up front budget: £ 500,000

Current turn over circa: £ 4,000,000

Cash offer: 1.3x

Established since: 1997

Locations: Manchester

Additional Notes:
My client, a chartered accountancy practice is interested acquiring a block of fees or practice on flexible terms and is prepared to a premium price of up to 1.3x GRF with 60% upfront for the right business in the Manchester, Prestwich, Eccles, Stretford, Sale, Stockport, Hyde, Ashton-under-Lyne, Middleton, Failsworth, Chadderton and surrounding areas.

Currently turning over in excess of 4 million pounds and with consistent year-on-year growth of 7%, this highly successful and MTD ready practice represents a unique opportunity to provide your clients with a high level of expertise across a range of service lines, whilst still ensuring a personal, partner-led and face-to-face service delivery, leaving your clients in highly capable hands and providing you with complete piece of mind moving forward.

Established for over 20 years, this seasoned acquirer has well-honed processes to ensure the smoothest client transition and, boasting previous retention rates of 95%, is well placed to ensure the highest levels of client retention. In addition, in a previous acquisition this firm was able to build up the acquired practice by nearly 10% over 5 years later by offering additional services, ensuring you will receive a maximum offer on the business as well as your second and third payments.

This buyer is fully committed to being flexible with regards to the current owner’s needs, and depending on the size of acquisition, is keen to bring on existing staff members, enjoying outstanding staff retention rates with nearly 50% of the employees having over 10 years’ service, partly attributed to their hands-on and positive culture. Therefore, this buyer is committed to ensuring the longevity of clients post acquisition, providing your clients with minimal changes as well as the option of a longer principle handover period.

For more information please call 01765 698 699 and quote the reference number 177384