Three key things are required to improve value – improve cash flow, reduce risk, and generate growth. Ultimately value is created by cash flow (real profitability) and risk management. All of these can be controlled by owners and managers, and must be the focus of your wealth creation plan.
This is an established boutique practice in an attractive upscale Melbourne location. It comes with a stable fee base and long term clients who are easy to work with. The practice generates strong profitability (59% before owner remuneration in FY25) with well managed WIP and debtors. The Principal only works 20 hours per week and is supported by one senior accountant who works four days. The practice is easily relocatable and there is no requirement to take over a lease. There is also a small financial planning component with c.$20k revenue.