Retiring Principle Exploring Succession - GRF Circa £950,000

Current turn over circa: £1,000,000

Offers over: £950,000

Established: 20 to 25 years

Gross Recurring Revenue: 0.5-1m

Number of staff: 10 to 20

Locations: Greater London

Locations: London

Additional Notes: The practice briefly comprises;

600 clients;
280 Ltd Co's - £3000
110 Sole Traders - £500
3 Partnerships - £1000
0 Audit
465 Tax returns - £300
250 Payroll - £450

Young average client age of 45-50

13 members of experienced staff headed by 2 Principles
(ACCA)

Lease in London Area with 1 year rolling contract (£17,000 per annum)

Circa £375,000 EBITDA

The acquirer will benefit from a 2/3 year handover period (2/3 days a week consultancy) 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, XERO, QB, SAGE

For more information please call 01765 698 699 and quote the reference number 30927

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