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An opportunity to acquire an established and respected Franchised Accountancy Practice undertaking all aspects of accounts work from simple sole trader accounts through to full bookkeeping, payroll, VAT returns and statutory company accounts.
Part of the respected AIMS franchise network which has been established in excess of 25 years and now has in excess of 200 accountants nationwide within the network, providing ongoing support and marketing.
A quality business currently operating from our seller's home/office premises, enjoying easily achieved & good regular income.
The business itself
Established by the vendor in 2004 when the AIMS franchise was first acquired, the business has served our client very well providing him with a generous income and comfortable lifestyle and is only now being offered for sale in order to pursue retirement.
A client base of approximately 100 exist providing a traditional service of bookkeeping, payroll, VAT, accounts and tax returns. There is an emphasis on quality, and their size varies up to £2.5m approx turnover. Attractive company, sole trader and partnership prices are offered with a strong client base paying generally on a monthly basis. The majority are within a close radius of the owners premises in Ipswich although as our client business has grown as have their clients and so some now have bases further afield.
The vendor's wife does currently assist with providing a part time book keeping service however it is considered that at the current level of turnover someone else may well find that they are willing and able to carry this work out themselves rather than employing someone else to do so.
AIMS Accountants for Business has been established for approximately 25 years and now represents in excess of 200 accountants nationwide who must hold the relevant accountancy qualifications. An excellent Head Office structure exists providing franchisees with ongoing training, support and marketing in return for a royalty and quarterly contribution to a Marketing Fund to assist with gaining new clients and comprehensive online marketing campaigns being undertaken. The sale of this business would be subject to approval by the Franchisor and the granting of a new AIMS Franchise Agreement.
The business currently trades at a regular level of circa £48,000 p.a. to suit our sellers lifestyle & requirements now however in previous years they have operated at around the £85k mark. It is considered that due to the volume of work that AIMs are able to provide that it would be very quick and easy to build the business back up to this level should a new owner wish to do so.
The business is advised as enjoying £4,000 per month approx regular/recurring fee income plus of course extras. It proves most profitable to an owner operator, and certainly offers strong potential to further develop income levels.
Accommodation & location
The business is operated from our clients home based office located in Ipswich, the county town of Suffolk in the heart of East Anglia. The business covers an area with strong levels of opportunity to increase fee income. The business would need to be relocated to the buyers own premises however as the vendor does not have any staff currently this would make the handover very easy to do.
The sale of this area of AIMS Accountants for Business franchise provides an opportunity to acquire an established and respected practice holding a quality client base considered most valuable and enjoying good regular fee income. All the hard work in establishing the business has been undertaken by the current owner enabling fortunate new owner/s to build on the current levels of successful trade.
The business is felt ideal for a qualified accountant (perhaps from industry) looking for their own business. Keen to ensure a smooth handover, the new owner/s can be assured of a comprehensive and helpful transfer further backed up by excellent Head Office support from the Franchisor.
Contact us to discuss the excellent opportunity in further detail.
Please note that there will be a £5000.00 + vat franchise handover fee payble on top of the final sale price.
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