Plymouth area – Practice required – Up to £500,000 Budget

Up front budget: £ 250,000

Current turn over circa: £ 500,000

Cash offer: Up to 1.4 x GRF for the right business

Established since: 2013

Locations: Devon

Additional Notes:
My client, a former sole practitioner for several years and formerly with PWC is looking for opportunities to acquire an established accountancy practice on flexible terms and is prepared to pay a premium price for the right business.

With cash available this acquirer is looking to retain the existing infrastructure, look, feel, service proposition and charging structure of the acquired firm.

The firm is looking for opportunities to meet with owners who either have an eye on retirement but wish to continue for a few more years, those thinking about phased retirement or businesses which have staff capable of stepping up their responsibilities and have the ability to replace the skills of previous owner.

Being also open to buying the freehold of the acquired business this is an incredible opportunity for anyone thinking about their retirement and looking for either a flexible exit or wanting to find a high quality firm who will operate the business in the same way post sale with full staff retention.

A premium offer will be available to practices offering;

Locations:
Opportunities around Plymouth and surrounding areas

Turnover (GBP):
Up to 500,000

Client Base:
General practice

Avg. Fee (GBP):
Will maintain the acquired businesses fee structure

Premises & Cost:
Looking to maintain existing arrangements and also interested in acquiring the freehold

Practice Systems:
Will use the acquired practice’s systems and software

Staff:
Full retention

Additional Points:
Looking to retain the existing practice in its existing form post sale
Interested in acquiring the Freehold if applicable. Flexible in approach to the acquisition and the motivations of the seller

Purchase Method:
To 1.4 x recurring fees for the right business with a deposit of up to 50% and completion within 2 years or shorter depending on size of acquisition