Current turn over circa: £ 250,000

Offers over: £ 370,000

Established: 10-1 years

Gross Recurring Revenue: 200-300k

Number of staff: 1-3

Locations: Crewe

Additional Notes:
My client, a highly profitable accountancy practice offers their business and loyal clients to the market for the first time, with a focus on completing at an appropriate and mutually agreeable point next quarter.

The principle provides the option of relocating this practice nearby, as well as with or without staff members resulting in minimal stress for an acquirer. The proprietor is also committed to being flexible with regards to an acquirer’s needs in terms of a handover offering anything between 6 months and five years. With over 50% (adjusted EBITDA) profitability, this practice represents a fantastic opportunity to improve any acquirers bottom line from the get-go.

The GRF is generated from a portfolio of around 200 client relationships with the majority of clients residing within 15 miles of the practice. 60% of the portfolio are limited companies with the remaining 40% comprising sole traders, partnerships and personal clients.

The practice enjoys long-term relationships with clients, including many for nearly a decade since the firm’s formation, with the top three clients generating annual fees of over £20 000 demonstrating the low risk levels associated with the portfolio.

The practice is technologically adept, using a myriad of software and a service described as highly recommended, approachable and always available, thus providing ample opportunity for an acquirer to grow using the outstanding goodwill.

The practice receives ongoing referrals resulting in at least two enquiry every month and is currently turning away new business, providing ample opportunities to capitalise on the existing relationships and progress the firm to the next level of growth and development.

The practice is excellently placed for an 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 practice that puts client care first, can relocate the practice nearby and who can be flexible in terms of deal timings and handover capacity.

For more information please call 01765 698 699 and quote the reference number 30125

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