Mornington Peninsula $650,000 in fees

An established practice with limited local competition and a loyal, multi-generational client base with low concentration (top 20 groups 20% of fees; largest 2%), including 24 SMSFs. Net fees have grown c.6% p.a. to $654k over FY23FY26, with solid profitability, 22 debtor days and low WIP. The Seller is supported by a capable and engaged team. The practice is cloud-based (Xero, Ignition, BGL and FYI), with annual CPI-linked price increases and engagement letters for all clients. Upside includes AI, proactive marketing and business advisory. This opportunity would ideally suit a firm already on the Peninsula looking to expand, or one looking to break into this attractive market.