Do you already have a small fee base and want to acquire a practice with commercial premises and staff? This practice has the goodwill associated with having been in the same well located premises for over 30years.
Although the Vendor is of retirement age, the majority of his client base are not and represent younger, viable clients with growth in their businesses. 70% of the fee base is in the $1,000 - $15,000 fee range. Services offered are only tax compliance and superannuation so there is scope to value-add with management accounting, assisting clients with MYOB Zero, and adding additional services of financial planning, finance broking.
The Vendor is keen to assist with the transition of the clients and you will also inherit an Accountant and an Admin person who have been with the practice for several years who can also assist to transition the clients.
There is also scope to obtain substantial efficiencies by updating the systems and proceedures. Existing software is not used to its full potential and a number of manual processes are still in place.