Current turn over circa: £ 380,000

Offers over: £ 456,000

Established: 20 to 25 years

Gross Recurring Revenue: 300-500k

Number of staff: 5 to 10

Locations: Greater Manchester

Locations: Rochdale,Oldham,Ashton under Lyne

Additional Notes:
My client, a qualified 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 in the next 12 months.

The exiting proprietor is committed to being flexible with regards to an acquirer’s needs in terms of a handover offering anything between 6 months and three years and offering the option of relocating nearby or preferably, renting the current premises that is described by clients as an impressive office, resulting in minimal stress for an acquirer.

The GRF is generated from a portfolio of around 450 client relationships with the majority of clients residing within 15 miles of the practice. 50% of the income is generated from limited companies with the remaining 50% comprising sole traders, partnerships and personal clients.

The practice enjoys long-term relationships with clients, including many for over two decades since the firm’s formation, with the top three clients generating annual fees of over £40 000 demonstrating the high calibre clients within the portfolio.

The practice comes with a full complement of loyal staff members and receives ongoing referrals resulting in at least two enquiries every week, providing ample opportunities to capitalise on the existing relationships and progress the firm to the next level of growth and development.

This practice is looking for an acquirer that puts the onus on staff care, will be able to retain the premises and can offer a wide range of services to the clients.

For more information please call 01765 698 699 and quote the reference number 30177

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