This represents an opportunity to acquire a client base of freelancers which is comprised of c.1200 limited companies plus a small number of other clients with a projected fee income of c.£1.2M.
Profits of at least 65% of turnover are anticipated.
The client base has grown significantly year on year and has the potential to grow further with the provision of additional resources and the upkeep of the current high standard of service.
The software is entirely cloud-based enabling the potential for clients to be serviced from anywhere in the UK. They require no face to face contact whatsoever. All fees are fixed and are paid on a monthly basis.
The Vendors are keen to ensure a smooth transition and to maximise client retention. They will make themselves available offering ongoing support, both practical and technical, as required. Additionally they will enter into a suitable restrictive covenant to protect the fee base.
This opportunity would suit a multi-office firm (with all practice files accessible from any location); a purchaser with sufficient spare capacity to accommodate the fees in their existing set-up; a larger firm seeking a niche; or a purchaser seeking a change of lifestyle and wishing to re-locate into the local area with the option to retain the existing office.
Ref. AP3308/ AP3310