SOLD! Substantial Bookkeeping and Accounting Fees – Melbourne

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.