Under Offer! Substantial Bookkeeping and Accounting Fees

Business ID: BS154298

Portfolio of quality business clients with annualised revenue of over $720,000


This quality portfolio consists of 60 business clients with annualised revenue from:

   -  Bookkeeping fees of $54,490 per month or annualised fee of $653,880

   -  Annual professional fees for preparing and lodging Tax Returns (from 12 clients) of $37,350

   -  Profit from software subscriptions of $30,000 per year

The portfolio of clients offers an ideal opportunity for a new owner to take over using the proven service model with great potential to expand the operations further if desired.

   -  Highly efficient operation using both local and overseas employees/contractors to deliver high-quality services while maintaining a substantial cost advantage in the marketplace

   -  Well-established and highly profitable portfolio of clients

   -  Generating over 55% Gross Margin from fees generated

   -  Highly systemised with majority of work undertaken by employees/contractors

   -  High percentage of health, Not for Profit, and professional within the portfolio

   -  Over 30 percent of clients paying over $1,000 per month

This will be an ideal :

   -  “bolt-on” to an accounting firm seeking to expand or grow its in-house bookkeeping capability

   -  A bookkeeping and accounting qualified professional seeking to start their own professional bookkeeping business

Asking Price: The vendor will sell the portfolio of clients as one whole portfolio for $970,000 or will consider splitting them into three separate parcels with asking prices of $150,000, $400,000, and $420,000 each.

Property Code: 3535