Sydney has been a quiet market over the last 12 months which is unsurprising given the severe COVID disruptions. However we do see that changing and this week we are delighted to list an excellent practice for sale:
- A longstanding and reputable one Principal Western Sydney accounting practice with c. $750,000 in regular fees, an excellent client base of predominantly small business clients and a capable team with strong client relationships.
This will receive a lot of buyer interest so don’t delay in registering your interest via our website listing if this is a good fit. Check out the details below under JUST LISTED.
As a reminder we re-listed a specialist audit practice last week: 1 Principal Audit firm, Brisbane Qld $400,000 in fees (ID#153). We are already seeing good levels of buyer interest. If you are a specialist audit firm looking to expand this could be the ideal practice for you.
We have had a number of conversations recently with potential sellers who approach us after they have been contacted by another practice looking to buy them direct. They are nervous about doing a deal direct and fear they may be missing out. This fear is well founded and from our experience there is a lower likelihood of achieving a good cultural fit, strong commercial outcome and well managed transition if you sell direct than through a well run broker-led process. We have written the following article for sellers to explain this further: Why Use A Broker To Sell Your Practice And How To Choose the Right One. It's a great five minute investment if you are weighing up selling your practice and how to go about it.
If you are ready to sell your practice in 2022, or thinking about selling over the next few years, call us to discuss your options and the best way forward.
You can also read what former DMY clients have to say about us here: Testimonials
Daniel and Mark