Established Accountancy Firm in the Isle of Wight

REF: 02571

Asking Price:
£35,000
Annual Turnover:
£60,000
Annual Net Profit:
£5,000
Recently Sold
REF: 02571
Photo of Established Accountancy Firm in the Isle of Wight

Overview

Tenure:
Leasehold
Established:
1994
  • Comprehensive range of services
  • Solid turnover with low overheads
  • Large and loyal customer base
  • Brilliant location with heavy footfall
  • Potential for growth and relocation

This is a superb opportunity to acquire a well developed and long running accountancy business in the Isle of Wight.

Carrying out excellent and reliable accountancy services to a range of small and large sole traders, this business has cemented a solid reputation and acquired a large customer base with impressive financial figures.

A new owner is presented a profitable platform to further develop and is available to purchase on a leasehold agreement.

Offering a high quality and professional range of accountancy services which include: tax returns, VAT registration, book keeping and accounts management, this business has developed a strong standing in the area and amassed a huge base of customers.

The business sits in a traditional building which is shared between a number of companies and is comprised of office blocks. Positioned within a single square room, the business interior features two desks which are ideal for staff to manage administration work, store company documents and carry out customer consultations when required. Additionally, the business is accustomed to visiting clients at their residence or site.

Offering a range of services at competitive prices, this business has carried out work for builders, butchers, shops as well as large limited companies across the local area and has experienced consistent yearly growth.

Intelligent Business Transfer are excited to bring to the market this well established accountancy business based in the Isle of Wight.

Since it was established in 1994, the business has built a great reputation and attracted heavy patronage which has helped it generate a high annual turnover in excess of £60,000.

A potential buyer would have several ways in which they could improve these financial figures. They could offer their clients a range of different services such as financial or mortgage advice, which would increase the sales revenue significantly and by hiring more workers, the business could handle a larger workload.

Additionally, the business could establish a website and social media to effectively showcase its services on a larger scale which would undoubtedly attract more customers and the business could potentially offer its services on the mainland. As well as this, the new owner could choose to relocate the business to a more densely populated area to generate heavier footfall and cater for more people.

The current vendor is seeking retirement and has enlisted the help of Intelligent Business Transfer to find a new buyer. This is a successful and thriving business model and would suit an accountant looking to take the share of the market and drive the business further.

The vendor is willing to stay on for two weeks to aid the new buyer with the transition.

Location

Property

Annual Rent
£3,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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