As many of you in our community will already know, DMY are big fans of data. We have previously highlighted that, through the strength of our database and digital marketing, each accounting or bookkeeping practice that DMY lists in a metropolitan location receives an average of 86 enquiries from interested parties. Understanding what this looks like in more detail is key for anyone looking to sell, or for buyers looking to compete and win that prized acquisition. For the first time we have completed a deep dive into buyer activity on individual deals through each stage of the deal process. You can see the data and the key findings here: Buyer Activity Through The Sales Process.
Meanwhile, we have an update for anyone looking to secure a practice in Gippsland, Victoria. We are currently listing the following practice 1 Principal firm, Regional Gippsland Victoria $850,000 in fees (ID#110) where the Vendor was only planning to sell 40% of the practice. In response to feedback from buyers the Vendor is now open to selling 100% to the right buyer. For anyone looking for a 'tree-change' lifestyle move or expanding their presence in Regional Victoria this may now the opportunity you've been waiting for. Enquire via the listing link above.
As a reminder, we also listed a Townsville accounting practice two weeks ago which has already seen good levels of enquiries from interested purchasers: 1 Principal firm, Townsville Qld $275,000 in fees (ID#213). If Townsville is an area of interest for you, check it out as we will be looking to set up first round meetings over the coming weeks.
Pleasingly, we are seeing great progress across Australia for many of our clients.
- Two practices in Brisbane and one in Regional Victoria setted the sales of their practices on 30 September. We are looking forward to celebrating these very significant milestones with the Vendors - it's one of the favourite parts of what we do.
- A practice in Sydney - 1 Principal firm, Western Sydney $750,000 in fees (ID#152) - is now Under Offer following the execution of a Heads of Agreement with the preferred buyer and will be settling before Christmas.
Last night I (Mark) had the pleasure of speaking at the Junction Group CPA Discussion Group. No slides, no presentation, just a lively and enjoyable discussion over a relaxed dinner and wine (or two) about the market for buying and selling with plenty of great questions from the fifteen or so practice owners. If you would like us to come along to your next forum let's talk.
2022 is quickly coming to a close with just ten weeks left until Christmas. For anyone thinking of selling in 2023 now is the perfect time to start the conversation and get ready to hit the market in late January / early February. To discuss your situatuon and options reach out to us below:
You can always read what former DMY clients have to say about us here: Testimonials.
Daniel and Mark