Perth, Western Australia 6000

Accounting/Tax Practice Fees Circa $2.3M

For Sale | EXPRESSIONS OF INTEREST

Accounting Finance

An opportunity to acquire a large scale, diversified and multi-regional accounting & tax practice group. The Vendor would like to sell in the short to medium term, and is realistic as to price expectations. The type of services provided mostly comprise individual tax returns, plus there are also smaller business tax returns which when combined totals approximately 11,000 tax returns lodged per annum. The business group currently operates via 3 separate entities, 2 of which are under a well known and respected franchise arrangement. These operate in 2 large and protected franchised territories in Western Australia. The Vendor would like to sell in the short to medium term so is negotiable on the price. Total fees are circa $2,300,000 with approximately 85% relating to individual ITRs. If necessary the Vendor will also look at splitting up the territories.

The first franchised territory generally comprises country/regional areas to the South West of Perth. There are currently 5 offices located in various larger country towns, and also 1 in the city of Mandurah. The second franchised territory generally comprises the suburbs north of the Perth CBD. There are current 5 offices located in various Perth suburbs.

The third entity operates an accounting practice from an office in Mandurah, and is a traditional accounting practice undertaking tax, accounting and compliance work mostly for businesses.
There are two staff members who are involved in coordinating and managing the operational matters for both franchised entities and the accounting practice. For this reason, the Vendor advises he does not spend significant time actively managing the employees, although he does visit the various locations and oversees the key staff as needed. All other staff members are employed in the respective entity for which they undertake the work. Each of the offices have the necessary number of staff needed to operate the business, which includes full time, part time and casual people.

Due to the number of locations, there is significant computers, furniture, plant & equipment and software needed to operate the business group. This is included in the business package being offered.
Being involved with this well-known Franchise provides many benefits to the business.

In summary, this is a rare opportunity to acquire a large and well-established accounting & tax practice group. It has thousands of clients located throughout the state of Western Australia. It could be ideal for a progressive and experienced accountant wishing to develop a large financial group, or perhaps an existing accounting practice wishing to diversify, or perhaps other buyers who have a strategic plan for growth in the financial sector and wishing to have direct access and control over a large client base.

For more information and a Confidentiality Agreement, please contact:

David Screaigh 0409 113 814 or david.s@businessbrokersnetwork.com.au
Catherine Jones 0409 104 655 or catherine.j@businessbrokersnetwork.com.au

Share



Marketing By


Catherine Jones

Business Brokers Network

Overview

This Accounting Business is one of 48 businesses for sale in Central Western WA, Western Australia, and one of 1 Accounting Businesses in this region that a business for sale currently has on offer. This Accounting Business is for sale in Central Western WA for the asking price of EXPRESSIONS OF INTEREST and has been on market for less than 3 months.