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- Price: EXPRESSIONS OF INTEREST
- Categories: Professional
An opportunity to acquire a large scale, diversified and multi-regional accounting & tax practice group. 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 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. Each of the offices have the necessary number of staff needed to operate the business, which includes full time, part time and casual people.
Being involved with this well-known Franchise provides many benefits to the business.
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.
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