Current turn over circa: £ 200,000

Offers over: £ 260,000

Established: 5-10 years

Gross Recurring Revenue: 200-300k

Number of staff: 1-3

Locations: Stoke on Trent

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

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 with the option of relocating nearby or alternatively, renting the current premises, resulting in minimal stress for an acquirer.

In addition, there is one loyal, experienced and qualified staff member that is available if required to continue handling client’s requirements.

The GRF is generated from a portfolio of around 200 client relationships demonstrating the strong average fee levels, with the majority of clients residing within 20 miles of the practice. 35% of the portfolio are limited companies with the remaining 65% comprising sole traders, partnerships and personal clients.

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

The practice receives ongoing referrals resulting in at least two enquiries every month, 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 a new 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 partner-led practice that puts client care first and who can be flexible in terms of handover capacity.

For more information please call 01765 698 699 and quote the reference number 30149

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