Farewell 2022 in A Race to the Line

Welcome to our last Market Update for 2022. Like many of you, it feels like 2022 has been a big year... and a long one. A Buyer said to me (Mark) this morning that it feels like a couple of extra months have been sneaked into 2022. We agree!

As we head to the close of 2022 it has been a busy last few weeks for DMY and our clients:

• A 1 Principal firm, Brisbane South $204,000 in fees (ID#216) successfuly settled the sale of their practice.

• A 1 Principal firm, South Melbourne $620,000 in fees (ID#204) also successfully settled in the last few days.

• 1 Principal firm. Melbourne East Fees of $448,000 Accounting and $294,000 (ID#209) has successfully executed a Heads of Agreement, the buyer has completed due diligence and the practice will settle in early 2023. This practice was first listed less than two months ago which shows how quickly sales can happen in areas of high demand when the seller and the buyer both see a great fit.

• A 1 Principal firm,  Regional Gippsland Victoria $1,300,000 in fees (ID#162) has also successfully executed a Heads of Agreement with a purchaser who will be completing due diligence over the January period. 

Looking ahead to 2023, a total of nine (so far) practice owners have signed up with DMY ready to take their practices to market early next year. These include practices in Sydney, Melbourne, and Brisbane, as well as several high quality Regional practices. 2023 is shaping up to be a very active year for buyers and sellers and, for anyone else thinking of selling, January is the perfect time to start getting organised. We are around all of January so be sure to reach out to us. As our latest Market Data reveals, the prospect of securing a successful outcome for you, your clients and your team are excellent!

In closing we'd like to thank Sonia in our team for the fantastic support she has provided to the two of us, DMY's clients and buyers throughout the year. Equally a big thank you to all our clients past and present who have entrusted DMY with the sale of their practices. It is a responsibility that we don't take lightly.

To all of the buyers out there, we thank you also for your support. Obviously there can only be one successful buyer for each practice sold, and many more disappointed ones, but our commitment is to always give you a good experience when dealing with DMY: high quality information together with transparent and open communication. We know most of you will be back in 2023!

In closing, have a safe and enjoyable Christmas and New Year, and enjoy a well deserved break!

Daniel and Mark

daniel@dmyassoc.com.au         mark@dmyassoc.com.au 

New South Wales

1 Principal firm,  North West Sydney Accounting and Bookkeeping Practice  $900,000 in fees (ID#164)

Queensland

2 Partner firm, Brisbane Inner Suburbs $2,800,000 in fees (ID#195)

1 Principal firm, Brisbane South East $1,055,000 in fees (ID#231)

1 Principal firm, Townsville Qld $275,000 in fees (ID#213)

1 Principal Audit firm, Brisbane Qld $400,000 in fees (ID#153)

South Australia

2 Partner firm, Kangaroo Island SA $410,000 in fees (ID#179)

Victoria

1 Principal firm, Melbourne Inner Suburbs $430,000 in fees (ID#200)

2 Principal firm, Geelong Victoria $550,000 in fees (ID#64)

1 Principal firm, Regional Gippsland Victoria $850,000 in fees (ID#110)

1 Principal firm,  Regional Gippsland Victoria $1,300,000 in fees (ID#162)

1 Principal firm. Melbourne East Fees of $448,000 Accounting and $294,000 (ID#209)

1 Principal firm,  Regional North Victoria  $1,132,000 in fees (ID#199

1 Principal firm,  Western Sydney  $750,000 in fees (ID#152)

New South Wales

2 Partner firm, Sydney CBD ~$950,000 in fees (#SM424) - sold 07/21

2 Partner firm, Regional NSW & Sydney ~$2M in fees (#SM408) - sold 04/21

Bookkeeping practice, Sydney ~$$450,000 in fees (#SM428) - sold 04/21

Sydney South accounting practice ~$398,000 in fees (#SM411) - sold 05/20

ACT

1 Principal firm, ACT ~$870,000 in fees (ID#112)  - sold 10/21

Queensland

1 Principal firm, Brisbane South $204,000 in fees (ID#216) - sold 11/22

1 Principal firm, Gold Coast Qld $530,000 in fees (ID#202) - sold 11/22

1 Principal firm, Brisbane North $1,600,000 in fees (ID#190) - sold 09/22

1 Principal firm, Brisbane South $714,000 in fees (ID#188) - sold 08/22

1 Principal firm, Brisbane North West $263,000 in fees (ID#175) - sold 07/22

1 Principal firm, Queensland Northern Gold Coast ~$730,000 in fees (ID#125) - sold 04/22

1 Principal firm, Gold Coast - Qld ~$900,000 in fees (ID#86) - sold 02/22

1 Principal firm, Queensland North of Sunshine Coast ~$540,000 in fees (ID#126) - sold 12/21

1 Principal firm, Brisbane North ~$1,200,000 in fees (SM407) - sold 08/21

Brisbane accounting practice ~$1,448,000 in fees (SM409) - sold 09/20

Brisbane accounting practice ~$2,133,000 in fees (#SM410) - sold 07/20

South Australia

1 Principal firm, Port Adelaide, SA $425,000 in fees (ID#84) - sold 06/22

1 Principal firm, ~$515,000 in fees (#SM405) - sold 05/21

Victoria

1 Principal firm, South Melbourne $620,000 in fees (ID#204) - sold 11/22

2 Partner firm, Melbourne Inner Suburb $1,500,000 in fees (ID#168) - sold 09/22

1 Principal firm, Regional North East Victoria Fees of $433,000 in Accounting and $62,000 Financial Planning (ID#151) - sold 08/22

1 Principal firm, Melbourne West  ~$700,000 in fees (ID#122) - sold 05/22

1 Principal firm, Melbourne North  ~$300,000 in fees (ID#127) - sold 03/22

1 Principal firm, SE Gippsland ~$430,000 in fees (#SM401) - sold 01/22

1 Principal firm, Melbourne Inner South East ~$555,000 in fees (ID#123) - sold 12/21

1 Principal firm, Melbourne South East ~$1,360,000 in fees (ID#116) - sold 11/21

1 Principal firm, Regional NE Victoria ~$1,000,000 in fees (#SM427) - sold 11/21

1 Principal firm, Geelong region ~$495,000 in fees (ID#117) - sold 10/21

1 Partner firm, Melbourne CBD ~$1,250,000 in fees (ID#96) - sold 09/21

 1 Principal firm, Melbourne South East ~$540,000 in fees (ID#105) - sold 06/21

1 Principal firm, Melbourne Inner North ~$360,000 in fees (ID#413) - sold 06/21

1 Principal FP firm, Mornington (#SM403) - sold 07/20

Melbourne/National bookkeeping practice ~$1,100,000 in fees (#SM404) - sold 06/20

1 Principal firm, Melbourne Inner North ~$800,000 (#SM417) - sold 12/20 

1 Principal firm, Melbourne SE Suburbs ~$636,000 in fees (#SM402) sold 12/20

Email: contact@dmyassoc.com.au
Phone: 03 9448 2308
Web: dmyassoc.com.au

Sydney: 903/50 Clarence St, Sydney NSW 2000 
Melbourne: Level 8, 805/220 Collins St, Melbourne VIC 3000 
Brisbane: 9/204 Alice St, Brisbane QLD 4000
Adelaide: 3/55 Gawler Place, Adelaide SA 5000

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