The first day of summer is always a day to look forward to. For DMY, yesterday was particularly special with three clients settling the sales of their practices. They were across multiple States and Territories, metropolitan and regional, with fees ranging from $500k to $1million+. Some owners were retiring, others looking to embark on their next venture. Their backgrounds were diverse but all united in a common theme of wanting to find a great new "home" for their clients and team. Which they have all done. This is why we love what we do.
We have also seen another client with a regional accounting practice execute a Heads of Agreement this week and they will be progressing to settlement over the coming weeks.
Meanwhile we have another terrific accounting practice coming to market today for sale: A very well run Gold Coast sole Principal practice with c. $730,000 fees. The owner is 37 and works a maximum ten hours per week. He is looking to sell and exit for medical reasons and has set the practice up for a smooth transition to new ownership. We expect huge interest from buyers so if you are interested check out the details below.
We continue to see a strong pick up in enquires from practice owners looking to sell in 2022 (not 2023 as some eagle-eyed readers pointed out from last week's newsletter!). In our latest article we share our top tips to get yourself ready for a successful sale. The starting point is always: what is your "why"? Check it out here if you are serious about selling: Get Yourself Sale Ready
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 seven 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