Last week we shared our latest insights on the market for buying and selling practices in The Rise and Rise of the Seller's Market.
With an average of 76 interested buyers competing for every practice for sale in a metropolitan location, it's a tough market if you are looking to acquire. This week we share our top tips to successfully navigate the buying process and increase your chance of acquisition success: How to Successfully Acquire an Accounting Practice Against 75 Other Buyers.
Elsewhere a Melbourne client of DMY with $2,150,000 in fees successfully executed a Heads of Agreement this week with a preferred buyer. We now have seven recently listed Practices Under Offer, including four achieved in the last four weeks. Keeping true to our core values, Reach, Relationships, Results.
Many practice owners see 30 June as a logical time of the year to transition their practice to new ownership. If you are looking to sell your practice by 30 June next year, reach out to us NOW to find out how we can achieve similar results for your practice. There are just under eight months to the end of the financial year, and kicking off the process this side of Christmas will leave you in great shape for a sucessful outcome.
Daniel and Mark
We are also delighted to be partnering with NAB on their Accounting Industry Survey. This is the first one that is dedicated to the buying and selling of accounting practices across Australia.
For any owners of accounting practices who would like to complete the NAB Accounting Industry Survey you can begin the survey here:
It should only take less than ten minutes to complete and findings will only be reported in aggregate.
We look forward to sharing the results with you in due course.