Current turn over circa: £ 200,000

Offers over: £ 280,000

Established: 5-10 years

Gross Recurring Revenue: 200-300k

Number of staff: 3-5

Locations: Wigan,Blackburn,Preston,Bolton

Additional Notes:
My client, a rapidly expanding 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.

Growing organically at 15% over the last 6 months, this rapidly expanding practice is looking to maximise its potential through a merger, whereby the principle will be retained and able to focus on utilising their talent for business development, allowing an acquirer to create marketing, administration and management synergies alongside benefitting from the significant ongoing organic growth levels.

The GRF is generated from a portfolio of around 400 client relationships. 35% of the portfolio are limited companies with the remaining 65% comprising sole traders, partnerships and personal clients and the majority of clients residing within 20 miles of the practice, overall representing a fantastic local investment opportunity.

The practice enjoys long-term relationships with clients, including many since formation over 5 years ago and the top three clients are generating annual fees of over £14 000. The majority of clients are seen face-to-face on an annual basis and the firm receives 4-5 new client enquiries every month, providing an acquirer with ample opportunity to maximise their return on investment.

In addition to a highly recommended, vibrant staffing team, the proprietor is seeking a long-term position within the buying parties’ practice and offers the option of relocating the practice or alternatively, renting the current premises, resulting in an easy handover, smooth client transition and minimal stress for an acquirer.

The practice is technologically adept, using a myriad of software with over 50% of clients paying by monthly direct debit with a service that is described as highly recommended, timely and approachable, with client testimonials available upon request, thus providing ample opportunity for an acquirer grow using the outstanding goodwill.

This opportunity would be ideal for either a larger practice looking for a growth driver with a strong client base or alternatively like-minded practices benefiting from the synergies associated with merging. 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 by supporting the proprietor.

For more information please call 01765 698 699 and quote the reference number 30093

Accountancy Practices similar to this