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Accountancy Firm With Diverse Client Base and Excellent Reputation for Sale in Glasgow

 City of Glasgow, Glasgow

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    19/01/24

  • Advert ID

    605332

  • Reference

    B07768 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £330,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Accountancy Firm For sale

Business
Please quote reference B07768

CoGoGo are delighted to welcome to the market a highly rated Accountancy Firm in Glasgow. 

This opportunity was founded by our client in 2019, building up an excellent reputation and regular customer base.

It has now come to the market due to our clients desire to relocate. 

They specialises in a diverse range of industries; from hairdressing to construction. A comprehensive range of services is available to all of their clients, catering  services to your needs on an individual basis.

Building relationships with their clients is at the core of how this firm operates and this has been the determining factor in their successes. It sets itself apart from competitors by creating lasting connections with our clients; offering a transparent & open service.

Services include -

  • Taxation Services – VAT returns, VAT registration, Corporation Tax, HMRC enquires, Self-Assessment, PAYE & NIC.
  • Compliance Services – Quarterly Accounts, Annual Accounts, Research & Development Applications.
  • Support Services – Payroll, CIS, Management Accounts, Financial Planning, Bookkeeping.
  • Start Up – Business Incorporation and Registration Compliance Guidance.
Key selling points -

  • Client Base – Diverse client base spread over a range of industries from Sole Traders with 20k annual turnover to Limited Companies with 10 million annual turnover. Many clients paying monthly via direct debit. Variety of clients: start-ups/newly incorporated companies through to established businesses. A steady stream of new clients without any marketing costs due to referrals.
  • Growth & Profitability - Rapid steady growth since forming, there has been significant investment into the company’s CRM/accountancy software/hosted desktop at an early stage with a view to increasing the ability for future and continued growth and profitability.
  • Handover period/Assistance Phase - Willing to train new owner as necessary in areas such as technology and bespoke procedures. Willing to aid over with a handover across a period of time, decreasing involvement until the handover is complete and the new owner is running the business as a whole. Willing to offer an assistance phase - available in a consulting capacity, offering assistance where required for a defined period of time.
  • Office location - Modern rented office space in managed business centre conveniently located on the edge of Glasgow City Centre on the banks of the River Clyde. 


Location
The Accountancy Firm is located in Glasgow. 



Premises
Occupies a rented office space in a modern managed business centre, including male, female and accessible toilets on all floors. Lift access. 

Accessed via door to communal hallway.

Communal areas - Reception, business lounge, kitchen, break area, meeting/conference rooms and shower/dryer and locker facilities.

 



Tenure
We are advised that the business is being sold on a leasehold basis, currently on a 2 year lease (commenced 01/06/2023). The rent is £467 per month for the first 12 months and then £560 for the remaining 12 months. 



Hours
The current trading hours are (Building open Monday to Friday 6:00am - 8:00pm and Saturday to Sunday 8:00am - 6:00pm)

Monday to Friday - 9:00am - 5:00pm

Saturday to Sunday - Closed



Staff
We are advised that the business has 4 members of staff. 



Financial Profile
Further financials can be made available upon request. 



Read more

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Listing Statistics

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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