AP3342 – The Farquhar Partnership sold to J. Gareth Morgan

SOLD

Click to read TESTIMONIALS

Original details:

Vending Firm:

1. Fees for sale £400,000 (amended from £450,000)
2. Qualified practice
3. Not audit registered*
4. Operating big firm processes within a small firm environment
5. Monthly cashflow £50,000
6. Services include: general compliance, book keeping, payroll, IHT planning, Trusts & Estate work
7. Sale is for early retirement
8. Principals will stay for up to 2 years, as required
9. Could move within the Bristol area or farther south subject to consideration of staff & local clients who drop books off

Clients:

1. Broad mix of clients including fees of >£10,000
2. *Two clients requiring audits are serviced externally

Staff:

1. Staff are working at full-capacity with a position vacant for an Accounts Manager
2. Staff have significant potential  to be brought on
3. Staff are qualified  with some also continuing their studies

Premises:

1. Well-appointed, attractive premises available on a rental basis (but need not be retained)
2. Ample parking
3. Capacity in unit for a total of 8 personnel
4. Current lease runs until December, 2024.

Ref: AP3342