We are delighted to bring another practice to market this week:
- Brisbane South Bookkeeping Practice with c.$204,000 in fees.
The details are below under JUST LISTED. If this looks like a good fit for you, don’t delay in registering your interest via its website listing.
As a reminder, we listed a Gold Coast accounting practice last week which has already seen enquiries from thirty six potential purchasers: 1 Principal firm, Gold Coast Qld $530,000 in fees (ID#202)
We love data at DMY and we have been diving into our buyer data over the last week. Did you know that DMY has had 1,272 active buyers all across Australia enquire about our practices for sale since the start of 2021? Attracting this volume of buyers re-inforces to us why we made the strategic decision to only represent sellers. Being free to attract a large spread of buyers to every practice sale increases the chances of finding the one buyer who is willing to meet the seller's commercial terms AND offers a strong cultural fit.
In October we will be doing our next six-monthly deep dive of market data to share with the DMY community. This will include selling prices, buyer numbers and typical retention terms, and we are planning to share more data than ever before. The more buyers and sellers are educated on the market, the smoother the process buying or selling a practice will become. Stay tuned!
Elsewhere a Regional Victorian client 1 Principal firm, Regional North East Victoria Fees of $433,000 in Accounting and $62,000 Financial Planning (ID#151) successfully executed a contract of sale with a purchaser this week. This practice is in a fairly remote regional location and the sale has been a great example of the Vendor being patient and giving themselves plenty of time to find a purchaser who offers a strong cultural fit.
Daniel is in Brisbane and the Gold Coast next week. Days are getting full but he still has space if anyone would like to meet up. Just reach out to Daniel at the email addresses below.
If you are ready to kick off the sale of 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