Accounting and Business Services Practice - Adelaide

Business ID: XB162033

Owner Operated with T/O 2025 $350,000 and adjusted profits up to $150K+ p.a.

The Accounting and Business Services practice operates from a well-maintained and presented office in Adelaide’s NE Suburbs. It is currently staffed by the Vendor who is an FCPA and works full-time in the business, a part-time finance officer and a full-time accountant who is employed on a contract basis, they also are fully qualified, but not a CPA.

The business uses a fully cloud-based system XERO Tax and Practice Management and uses FYI Docs for its document management which eliminates the need for staff to work from the office. They also provide Xero bookkeeping services to their clients.

Business hours are 9-5 pm Mon-Fri with after-hours and Saturday appointments available during busy periods.

Business Highlights:

   -  Consistently high gross margins (97–99%)

   -  Broad service mix including Tax and Compliance, Payroll, Bookkeeping and Business Consulting

   -  Cloud-based systems using XERO and FYI Docs

   -  Long-standing operation of 11+ years with strong referral network

   -  Recurring revenue from a diverse client base

   -  Professional premises with main road exposure and parking facilities

   -  Experienced staff and processes

The Vendor will offer a seamless handover period if required which will form part of the Business Sale Contract.

This business is ideally placed for an existing accounting practice looking to expand its client base in another demographic area or incorporate it into its existing setup. There is also a great opportunity for an accountant working for a large firm to take a step and operate their own business.

Asking Price: Goodwill Plant and Equipment $375,000

Property Code: 4342