Retiring Principle Exploring Succession For Well Established and Profitable Practice - GRF Circa £1,100,000

Current turn over circa: £1,100,000

Offers over: £1,000,000

Established: More than 35 years

Gross Recurring Revenue: 1-2m

Number of staff: 10 to 20

Locations: Greater London

Locations: London

Additional Notes: The practice briefly comprises;

633 clients;
340 Ltd Co's -
24 Sole Traders -
3 Partnerships -
12 Audits -
271 Tax returns -
60 Payroll -

Avg Fee (Every Client Included) = £1772 (Full Client Breakdown Available after first meeting.

Young average client age of 45-55

13 members of experienced staff headed by Principle and Wife
(Tax/Bookkeeping/Accounting)

Lease in London Area with 2 year Break Clause (£51,000 per annum)

Circa £375,000 EBITDA

The acquirer will benefit from a 2/3 year handover period with the retiring principle. Alongside a strong team of qualified staff with great relationships with long standing clients that have allowed for the 'decentralised' running of the practice.

Clients familiar with standard back office systems - IRIS

For more information please call 01765 698 699 and quote the reference number 30926

Accountancy Practices similar to this