The Story

Lyndsay and Karen Morrison are serial entrepreneurs, operating multiple successful businesses over the years before recently retiring.  Just before entering this new phase of life they worked closely with Accounting North to optimise the sale of their high-pressure cleaning business. 

The Opportunity

To ensure optimum sale price of the business and financial security in retirement.

The Questions

How can we increase the value of our business for sale?
How do we find the right business agent to achieve our goal?
How can we minimise tax paid in retirement?
How do we ensure financial freedom so we can really enjoy retirement?

The Solutions

 Accounting North worked closely with Lyndsay and Karen to eliminate the business value gap, increasing the value of their business to match their goal selling price. The team also introduced the Morrisons to a new business broker who believed in the identified value of the business. Lyndsay and Karen were able to sell their business for $200,000 more than the selling price their original broker recommended and retire with financial security.

Over the years, Accounting North has been working with the Morrisons to ensure their assets are protected by being structured within a self-managed superannuation fund and develop retirement strategies that will support their lifestyle goals in the coming years. 

“I know a lot of people who are good at what they do but their businesses fail because they don’t have the support of a good accountant.

 “For as long as we have been in business on the Sunshine Coast, Accounting North has guided and supported us throughout every stage."

“They gave us the confidence of knowing that if we needed answers, they were there almost immediately.”

 “Throughout the life of our businesses they delivered professional advice on achieving our goal net return and selling our business at a price that ensures we could self-support financially in retirement.”

“We ended up retiring three years earlier than we planned. We’ve both just bought new Harley Davidson motorcycles and are set to get on the road, but it’s still nice to know that Accounting North will be there if we need anything in the future.”