Businesses for Sale

Buy your next business via bsale
My Account: Sign In

Accounting Practice Fees Circa $2.7m

Business for Sale
Accounting & Tax Practice Group
Perth WA

Opportunity to acquire a large and well-established accounting & tax practice group. Fees Circa $2,700,000. It has thousands of clients located throughout the state of Western Australia.

Price POA

Accounting Practice Fees Circa $2.7M

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
An opportunity to acquire a large scale, diversified and multi-regional accounting & tax practice group. The type of services provided mostly comprise individual tax returns, plus there are also smaller business tax returns – which when combined totals approximately 12,000 tax returns lodged per annum. The business group currently operates via 3 separate entities, 2 of which are under a well known and respected franchise arrangement. These operate in 2 large and protected franchised territories in Western Australia.

The first franchised territory generally comprises country/regional areas to the South West of Perth. There are currently 5 offices located in various larger country towns, and also 1 in the city of Mandurah.

The second franchised territory generally comprises the suburbs north of the Perth CBD. There are current 5 offices located in various Perth suburbs.

The third entity operates an accounting practice from an office in Mandurah, and is a traditional accounting practice undertaking tax, accounting and compliance work mostly for businesses.

There are two staff members who are involved in coordinating and managing the operational matters for both franchised entities and the accounting practice. For this reason, the Vendor advises he does not spend significant time actively managing the employees, although he does visit the various locations and oversees the key staff as needed. All other staff members are employed in the respective entity for which they undertake the work. Each of the offices have the necessary number of staff needed to operate the business, which includes full time, part time and causal people. Most of these staff are considered to be multiskilled in that they can undertake the preparation of income tax returns, reception and administration duties as needed.

Due to the number of locations, there is significant computers, furniture, plant & equipment and software needed to operate the business group. This is included in the business package being offered.

Being involved with this well-known Franchise provides many benefits to the business. This includes access to:

• A recognised brand name, which helps “position” the business
• Training materials
• Marketing materials, plus a dedicated marketing person
• A dedicated business development consultant
• Technical support
• Other franchisees, who are happy to share information (due to the territories)
• Suggested methods of business development
• Policy and procedure manual
• Quality control techniques
• Buying group benefits
• Other services, if desired

Broadly these items, together with the existing staff infrastructure, enable the Purchaser to free themselves up to focus on developing and growing the business further, rather than be focusing on the actual preparation of income tax returns on a day to day basis. The Vendor’s involvement with clients has been reduced as he has chosen to employ staff, so that he has flexibility and has been able to undertake personal activities. The Purchaser may perhaps decide to operate the business differently by becoming more involved on a day to day basis.

There could be possibilities to expand the business group by growth of fees from the existing offices or perhaps opening up additional offices in the existing franchise territories. A more aggressive marketing campaign could also be adopted (perhaps with the assistance of the Franchisor). In addition, there could be an opportunity to focus on actively promoting and providing additional services including financial planning, insurance and loan finance services should the buyer have the necessary knowledge, capacity and licences.

In summary, this is a rare opportunity to acquire a large and well-established accounting & tax practice group. It has thousands of clients located throughout the state of Western Australia. It could be ideal for a progressive and experienced accountant wishing to develop a large financial group, or perhaps an existing accounting practice wishing to diversify, or perhaps other buyers who have a strategic plan for growth in the financial sector and wishing to have direct access and control over a large client base.

We have an Information Memorandum available which interested parties can have access to after signing a confidentiality agreement. For further information contact the Zircom Office or submit enquiry form.

Contact Seller

Logo

View Broker Profile

Contact: David Screaigh & Catherine Jones
Phone: 040 911 3814
Mobile: 040 911 3814
Bsale ID: 210472
Agent ID: DSCJACC1




Similar businesses for sale that may interest you:
SOLD

Leading Traffic Management Business

Perth, Perth, WA Business for Sale $750,000

Leading Traffic Management Business

Business & Professional Services | Services - General Bsale ID 199014

Brand, Design & Digital Agency

West Leederville, Perth, WA Business for Sale $495,000 WIWO

Brand, Design & Digital Agency

Business & Professional Services | IT Business - Computer - Telco Bsale ID 208681
SOLD - DIGITAL PRINTING & COPYING
SOLD

Sold - Digital Printing & Copying

Perth, Perth, WA Business for Sale $460,000

This is a long established Digital Printing and Copying business located in the Perth CBD which is extremely profitable and is currently run by an owner operator plus one full time staff.

Business & Professional Services | Services - General Bsale ID 14598
More Similar Ads: WA Perth Business & Professio...

Sign Up

Send this post to a friend