NSW - Western Suburbs, Sydney
Under Offer
NSW2474
Accounting
NSW Sydney Opportunity
Professional | Experienced | Quality
- Accounting | Tax | GST & BAS | SMSF Audits
- Total Income 23/24 = $888k
- Client Entities: 736
- Directors: 2
- FTE: 2
- 31-year history
35
Page Information Memorandum
This exceptional accounting and business advisory practice generated $888k in total income for FY24 and produced a normalised EBITDA FY24 of $200k after market-salaries for two partners. The two partners have built an extremely loyal client base, with the current practice running for 31 years in the western suburbs of Sydney. The business is ably supported by a small, quality, professional team.
The practice commenced in 1992 with 3 partners. In 2006, one partner departed, and the practice has remained a two-partner practice ever since. In recent years, revenues have remained relatively stable, with new clients replacing existing clients that have either ceased business or moved elsewhere.
Today, the practice services approximately 736 entities, with majority of revenues coming from business clients and associated activities. Clients are largely located in and around Sydney.
The clients represent a wide array of industries including galvanising, building, certifiers, childcare, design and manufacturing, designers, development, earthmoving, electrical, finance, hairdressing, hire and sale equipment, international trade, investments, machinery construction, motor vehicle retail, packaging, printing, road transport, surf life saving to name a few.
The partners recognises that now is the time to pass the baton; to see a new practitioner / new firm take over the running of the business and continue the superior servicing of its valued clients.