Accountancy Practices for Sale North East & Yorkshire

Current turn over circa: £ 150,000

Offers over: £ 180,000

Established: 10 to 15 years

Gross Recurring Revenue: 100-150k

Number of staff: 1 to 3

Locations: Leeds

Additional Notes:
My client, a chartered accountancy practice offers their business and loyal clients to the market, with a focus on completing at an appropriate and mutually agreeable point this year.

The GRF is generated from a portfolio of around 180 client relationships demonstrating the strong average fee levels, with the majority of clients residing within the West Yorkshire area. 40% of the portfolio are limited companies with the remaining 60% comprising sole traders, partnerships and personal clients

The practice enjoys long-term relationships with clients, including many for over 10 years since the firm’s formation, with the top three clients generating annual fees in excess of £30 000 demonstrating the high-quality nature of clients within the portfolio.

The practice receives ongoing referrals resulting in nearly one enquiry every week alongside various added-value consultancy requests, providing ample opportunity for an acquirer to capitalise on the existing relationships and progress the firm to the next level of growth and development.

The exiting proprietor is committed to being flexible with regards to an acquirer’s needs in terms of a providing a warm handover and offering the option of relocating nearby or alternatively, renting the current premises that is described by clients as an impressive office, resulting in minimal stress for an acquirer.

In addition, there are two loyal and experienced staff members on combined wages of only £35 000 that are available to continue handling client’s requirements and support the acquirer moving forward with the acquisition.

The practice is excellently placed for a new acquirer to capitalise on the existing relationships and progress the firm to the next level of growth and development. This proprietor is looking for a partner-led practice that puts client care first, will look after the loyal staff and who can ideally retain the premises (if not local).

For more information please call 01765 698 699 and quote the reference number 30170