North Cornwall Accountancy Practice For Sale

Business description

The business was established by the present owner in 2000 and offers a wide range of accountancy and business services including general accounts preparation, tax returns, business support, start up advice, limited company formations, management accounts, cashflow projections, business planning, commercial finance brokerage, domestic mortgage referrals, VAT returns and claims, small business mentoring and income tax investigation insurance brokerage to approximately 300 clients consisting mainly of small businesses, partnerships and sole traders. The present owner charges up to £35 per hour per client and most clients are based in Devon and Cornwall. The business is deliberately traded below VAT threshold by the present owner and this represents clear scope to increase trade. The business is home based and can operate from any location in Cornwall. The sale presents a rare opportunity to acquire a well established and lucrative client base that offers ample scope to increase turnover.

Property information

Location:

As mentioned above, the business is located in north Cornwall with clients located throughout Devon and Cornwall.

Premises details:

Home based

Other information

Expansion potential:

Our client feels that there is ample scope to increase trade, especially as almost all turnover is by way of repeat custom from the existing client base with little or no advertising or marketing. Our client also feels that there is scope to increase hourly fee rates

Reasons for selling:

Retirement