BUSINESS DESCRIPTION
Highly Respected Accountancy Practice
Book of Business and the Ltd Co for Sale (if required)
Ref.CG078
Location Edinburgh, Aberdeen & Scottish Borders
Asking Price GBP 25,000
A very rare opportunity to purchase the book of business from a very successful and reputable accountancy practice that has been serving the industry for almost 25 years.
This practice provides general accountancy services as well as mortgage and protection insurance to the market and has steadily built up a loyal client base over the years, evenly spread across the Scottish Borders Edinburgh and Aberdeen regions and the rural areas that surround it. These 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 self-assessment taxation advice and services for individuals.
The current portfolio of clients includes 9 Limited Companies who generate fees circa GBP12,000 p.a., and 42 small businesses that operate either as sole traders, partnerships, farmers or individuals that generates circa GBP13,000 p.a. in fee income. This gives a total fee income of circa GBP25,000 p.a. The client portfolio is currently managed by the vendor who is a fully trained and qualified accountant with many years experience and all the necessary accreditations and memberships.
The business also has a current and up to date mortgage and protection database of circa 1,750 contacts that is included within the sale. This represents a significant opportunity in itself to a new owner.
Please note it is the book of business that is for sale and the Limited company should a new owner wish to continue trading under the same name. However, no property, staff or other assets are associated with the sale. The business has a registered address but the vendor has operated over the last few years from a home office environment.