This quality suburban practice in the Eastern suburbs has been established 30years and has been in the same suburb all of that time. The current Vendor has had the practice for over 15years and has improved systems and proceedures.
The clients are small businesses and 40% of the fee base is in the $10K and above category. The work is Tax Compliance for Business clients and SMSFs. The SMSF audits are outsourced. There is no Financial Planning.
There is a core of competent staff who have been with the practice for several years and will continue. The premises allow room for expansion but the practice is not tied down with a long term lease so could be relocated after 12 - 18mths once the clients are settled.