Current turn over circa: £350,000

Offers over: £420,000

Established: 5-10 years

Gross Recurring Revenue: 300-500k

Number of staff: 5-10

Locations: Oldham

Additional Notes:
- The retiring principal is looking to gradually transfer the shares of the business over 2-3 years to provide a full transition ensuring the longevity of client base as well as making the proposition more affordable

- This opportunity would be ideally suited for an individual looking to run their own business with the full support of the existing principal to provide a helping hand initially or alternatively, an established business that would value the opportunity to gradually develop the business with minimal risk

- 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 £15 000 demonstrating the low-risk levels associated with the portfolio

- The award-winning accountancy practice has GRF generated from around 1000 client relationships with the majority of clients residing within 20 miles of the practice

- The practice is technologically adept, using a myriad of software with over 90% of larger clients paying by monthly direct debit and a service described as highly recommended, relaxed and friendly, thus providing ample opportunity for an acquirer to grow using the outstanding goodwill

- There is the option of relocating nearby or alternatively, renting the current premises, resulting in minimal stress for an acquirer

- The existing principal is flexible and is open to working alongside the buyer to improve and develop the practice initially

- 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 a person/ firm that puts the onus on both client and staff care

For more information please call 01765 698 699 and quote the reference number 30094

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