Current turn over circa: £ 60,000

Offers over: £ 70,000

Established: 15-2 years

Gross Recurring Revenue: 50-70k

Number of staff: 0-1

Locations: Liverpool,Wigan

Additional Notes:
My client, a long established and experienced practice of approaching 20 years offers their business and loyal clients to the market for the first time due to retirement from the industry, with a focus on completing at an appropriate and mutually agreeable point next quarter.

The retiring proprietor is committed to being flexible with regards to an acquirer’s needs and offers the option of relocating the practice or alternatively, renting the current premises, resulting in minimal stress for an acquirer.

In addition, there is one loyal and experienced staff member that has been with the practice for nearly 15 years, that is available if required to continue handling client’s requirements or alternatively has other means of employment.

The GRF is generated from a portfolio of around 140 client relationships. 10% of the portfolio are limited companies with the remaining 90% comprising sole traders, partnerships and personal clients, with the majority of clients residing within 15 miles of the practice.

The practice enjoys long-term relationships with clients, including many since the firms’ formation, with the top five clients generating annual fees of over £12 000. The majority of clients are seen face-to-face on an annual basis with a service described as highly recommended, timely and approachable, thus providing ample opportunity for an acquirer grow using the outstanding goodwill.

The firm provides the usual general practice services of stat accounting, VAT, book keeping, payroll etc.using VT Software, QuickBooks, Moneysoft and VT software enabling a smooth transition.

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.

For more information please call 01765 698 699 and quote the reference number 30046

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