The uptake in interest over the last few weeks from practice owners looking to sell continues. This week alone we have been appointed by three practice owners to sell their firms - two in Victoria and one in Queensland. Stay tuned for when these come to market!
A question we often get asked by owners of accounting practices looking to sell is: What are my options?. This depends on whether you are a one partner or two partner firm (typically the most common sizes that go to market for sale). We are sharing our insights on both scenarios below - they are a valuable five minute read for anyone contemplating a sale in 2022:
Earlier this week we spoke at a CPA Discussion Group in Melbourne on the market for buying and selling accounting practices. Lots of interesting questions from the group of practice owners - it was great to be back speaking to a live audience! If you want DMY to present at your next Discussion Group simply reach out.
Next week we are jointly speaking with the NAB Professional Services team at another CPA Australia event - The Market for Accounting Firms and Intentions of Buyers and Sellers. NAB will be sharing the preliminary results from their current Industry Survey and we will be providing additional insights based on what we are seeing in the market. It's an online event and there are over 200 already registered to attend. It should be a great event - click here to register
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 a great result for you and 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 successful outcome.
Daniel and Mark