Current turn over circa: £ 25,000

Offers over: £ 30,000

Established: 5-10 years

Gross Recurring Revenue: <30k

Number of staff: 0-1

Locations: Stoke on Trent,Macclesfield

Additional Notes:
My client, an experienced and well-established practice approaching 10 years offers their business and loyal clients to the market due to lifestyle changes, with a focus on completing at an appropriate and mutually agreeable point next quarter.

The GRF is generated from a portfolio of around 15 client relationships. 40% of the portfolio are limited companies with the remaining 60% comprising sole traders, partnerships and personal clients, with the majority of clients residing within 15 miles of the practice.

The retiring proprietor is committed to being flexible with regards to an acquirer’s needs in terms of a handover and offers the practice as a portable block of fees with no employees, resulting in minimal stress for an acquirer.

The practice enjoys long-term relationships with clients, including many for over 5 years, with the top five clients generating annual fees of over £20 000 and contributing to 80% of the GRF. The majority of clients are seen face-to-face on an annual basis with a service described as highly recommended, timely and straight-forward, thus providing ample opportunity for an acquirer grow using the outstanding goodwill.

This fee block would be ideal for someone just starting out or, equally, for a business that is well established in the area which could absorb the fees into their own practice and benefit therefore from economies of scale.

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. Ideal relocation areas include Stoke-on-Trent, Macclesfield, Congleton, Talke, Cheddleton, Longsdon, Hanley, Newcastle-under-Lyne, Buxton, Cauldon, Cheadle, Thorncliffe and surrounding areas.

For more information please call 01765 698 699 and quote the reference number 30041

Accountancy Practices similar to this