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AP3343 – F. Chow & Co. online fees sold to Michael D Nichols

SOLD

Click to read TESTIMONIALS

Original details:

Available as one purchase by one buyer, or as two separate transactions by two separate buyers.

Vending Firm:

  1. Fees could be split between general clients (c.£150k GRF) & CIS clients (c.£85k GRF)
  2. Up to 98% of the practice is online
  3. Monthly cashflow £14,500
  4. A service comprised of excellent communication & guidance as well as timely reminders for clients is key to continued growth & client retention
  5. Growing fee base (growth now limited by capacity for work to be processed)
  6. Qualified practice
  7. Retirement sale.

General Clients:

  1. c.340 clients in total inc. c.270 sole traders; c.65 Limited Companies; 4 Partnerships
  2. A core of clients generating £150k-£175k have been with practice 20+ years
  3. c.60 payroll clients
  4. c.10 pure tax return clients
  5. 15 buy-to-let property clients.

CIS clients:

  1. 155 CIS clients generating fees of c.£85,000 – available as a separate transaction
  2. 60-75% of the CIS clients are very loyal
  3. CIS clients are all billed in April/May.

Staff:

  1. Full-time book-keeper will not stay post-sale for retirement reasons
  2. Payroll Manager is retained on a sub-contract basis.

Premises:

  1. There are no premises attached to this opportunity.

Ref: AP3343

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