Accountancy Practice For Sale

Business description

This established accountancy practice provides a comprehensive range of professional services to clients in a personal and friendly manner and has built steadily through the years.

The Professional Services primarily include the production of Accounts for Sole Traders, Partnerships and small Limited Companies plus, services in relation to the preparation of Value Added Tax Returns, and for the provision of Taxation advice and services. All Clients are visited on their premises, for their convenience.

This is an excellent opportunity to acquire a successful and well-established business, which was started by the current owner approximately twenty-five years ago.

Customer Service:

The business offers a personal and friendly relationship to clients while providing a high quality service, being available on demand and by looking after the Clients’ needs.

Key Strengths:

Experienced and competent the business has built long-term success and remains competitive in today's environment.

The Practice has a very well established loyal Client base which is growing, there is more work out there than one can handle and the Practice retains a wealth of repeat business and receives good quality referral work.

Business overheads are low; there are no other employees at the present time and all that is needed is a phone and a car.

Property information

Location:

The business has been run from the vendor’s home and is fully re-locatable, therefore premises are not to be included as part of this sale. The Practice provides a ready-made solution to those who may want to opt out of ‘going out to work’ for five days a week.

Other information

Expansion potential:

The opportunity exists to re-locate the business, keeping existing clients while developing the practice elsewhere. This opportunity would probably suit someone already in a similar market segment or associated service that wants to diversify or expand. Alternatively this is an excellent opportunity and quick start for someone who is intending to start a similar business.

There is huge scope for expansion of this Practice even from within the existing Client base and ample scope for increasing the fees chargeable to Clients, which have been at the present level for approximately three years.

Extra investment in accountancy packages such as Sage or TAS and developing a Company website could attract more Limited Company Clients and increase turnover significantly.

Competition / Market:

To date the Company has not invested money on marketing. The Practice is recognised for its expertise, and therefore most work comes via word of mouth. The Company delivers what it promises. The owner recognises that investment in marketing and technology including email and a company website would be a valuable asset.

Support & training:

The owner will provide full business familiarisation, training and handover for a period of time to be negotiated at the time of sale and is happy that his Mobile Phone number is to be transferred to the purchaser of this business.

Reasons for selling:

Retirement