Reminder New Listings, Client Progress & Rediscovering WA

Welcome to this week's Market Update. As a quick reminder we listed two new practices a fortnight ago: 

• Three Partner firm, Gippsland Victoria $1,850,000 in fees (ID#208)
• 1 Principal firm, Mornington Peninsula $1,000,000 in fees (ID#98)

Both are great opportunities for buyers to significantly expand their existing presence, enhance their capability and/or enter attractive new markets.

If either looks like a good fit, don't delay in registering your interest via their respective website listing.

Meanwhile we are delighted for a Melbourne client 1 Principal firm. Melbourne East Fees of $448,000 Accounting and $294,000 FP (ID#209) who successfully executed a Contract of Sale and settled over the last couple of weeks. We were able to generate interest from 89 interested parties and the entire sale process took just four months from listing to settlement. Both the seller and the buyer are extremely happy with the outcome. The level of interest was evidence of the very strong demand for practices with integrated accounting and financial planning offerings. If that's you, and you are looking to examine your options, reach out to us for a confidential discussion.

On a final note, it was terrific to be back in Perth last week presenting at the CPA Australia Public Practice Forum WA 2023. Over 120 practice owners and accountants were in attendance for DMY's Market Update on Buying and Selling Accounting Practices. Lots of interest in our latest market data and plenty of great questions from the floor and over a few glasses of wine afterwards. Congratulations to the CPA Perth team for the location. Scarborough beach was a knockout as the event wrapped up!

 

Four years since my (Mark's) last trip to Perth is way too long. And after a weekend enjoying the best of the Margaret River region, West Australia is definitely back near the top of my list for a few return visits soon. It's an exciting market for DMY and an awesome destination for combining business and pleasure.

This month we are off to Tasmania for the  CPA 2023 Public Practice Symposium in Launceston on 16 March and a few days in Sydney later in the month. If there are any Tasmanian or Sydney practice owners ready to sell, thinking of selling in the future, or looking to gain a greater insight into the market do reach out and let's talk.

As our latest Market Data reveals, the prospect of securing a successful outcome for you, your clients and your team are excellent.

See you out there!

Daniel and Mark

 

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

Three Partner firm, Gippsland Victoria $1,850,000 in fees (ID#208)

1 Principal firm, Mornington Peninsula $1,000,000 in fees (ID#98)

Queensland

1 Principal firm, Brisbane South $675,000 in fees (ID#217)

1 Principal Audit firm, Brisbane Qld 540,000 in fees (ID#227)

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

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

Three Partner firm, Gippsland Victoria $1,850,000 in fees (ID#208)

1 Principal firm, Mornington Peninsula $1,000,000 in fees (ID#98)

2 Partner firm, Melbourne South $1,200,000 in fees (ID#226)

1 Principal firm, Melbourne Inner North fees of $1.040,000 in Accounting and $200,000 FP (ID#218)

1 Principal firm, Melbourne Inner South East $630,000 in fees (ID#57)

1 Principal firm,  Melbourne Eastern Suburbs $466,000 in fees (ID#223)

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

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

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

New South Wales

1 Principal firm,  Western Sydney  $750,000 in fees (ID#152) - sold 12/22

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. Melbourne East Fees of $448,000 Accounting and $294,000 (ID#209) - sold 02/23

1 Principal firm,  Regional North Victoria  $1,132,000 in fees (ID#199 - sold 01/23

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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