Current turn over circa: £180,000

Offers over: £195,000

Established: 15 to 20 years

Gross Recurring Revenue: 150-200k

Number of staff: 3 to 5

Locations: Devon

Additional Notes:
- Chartered practice
- Presented to the market for the first time due to retirement
- Loyal clients and staff
- Very high client retention and longevity of client relationships
- 80% of the GRF is paid monthly by direct debit providing excellent cash flow
- Strong profitability
- The client portfolio consists of 60 Limited companies, 58 Sole traders, and 26 Partnerships
- No audits
- Clients are mostly serviced by phone and email with few face to face client meetings
- Good growth opportunities
- Premises available on a flexible lease but are not conditional to the sale
- Some degree of portability within 15 - 20 miles of the existing office location
- Using Digita, Xero, and Quickbooks
- Strong handover on offer with the potential for the current owner to continue and a flexible basis should that be desirable
- The seller has a flexible mindset to making the acquisition work for the buyer to ensure the highest level of client retention

This is an excellent opportunity to acquire a successful, profitable, long-established business with excellent monthly cashflow.

For more information please call 01765 698 699 and quote the reference number 30395

Accountancy Practices similar to this