Happy New Year! We are only saying that because this is our first Market Update for 2022. Truth be told, it's been such a big start to the year in so many respects that it feels Easter should be nearly upon us. Like everyone in our community 2021 was a big, often challenging, year and we are looking forward to 2022 with renewed optimism and energy after a well earned break to recharge the batteries and spend time with loved ones.
This year is already shaping up to be a big one for buying and selling accounting practices. We are delighted to bring four new listings to market this week. Check out the details below and move quickly if you are an interested purchaser.
These listings are across three States including Victoria, Queensland and, for the first time, Tasmania where we have recently secured our licenses to operate. We now have twenty separate individual and corporate licenses in place to support our position as the leaders in selling accounting practices across Australia. Red tape is alive and well!
We are also delighted to have started the year delivering strong results for our clients:
- $730,000 Brisbane practice has executed a Heads of Agreement with a preferred buyer after less than thirty days on the market
- $540,000 Regional Queensland practice executed a Contract of Sale after just ninety days on the market
- $430,000 Regional Victoria practice has executed a Contract of Sale after more than 12 months on the market (not all sales are as quick as the first two above and we always say it takes as long as it takes to find the right buyer with a strong cultural fit.)
2021 saw an average of 76 interested buyers for every metropolitan practice for sale and we see no reason to believe 2022 will be any different. If you are thinking of selling in the next 12 months reach out to email@example.com or firstname.lastname@example.org for a confidential discussion on the current state of the market and the options available to you.
Daniel and Mark