Welcome to this week's Market Update. We are delighted to be listing another new Queensland practice for sale this week:
- One Partner firm with c.$930,000 fees in a Queensland Regional City
Check out the details below under Just Listed and, if it looks like a good fit, don't delay in registering your interest via the website listing.
Meanwhile, we had a really interesting conversation this week with a practice owner who was thinking of selling but feeling very anxious about the whole process. This is an area DMY thinks about deeply and we spend a lot of time continually improving how we work with, and support, our clients to reduce their anxiety as much as possible. You cannot eliminate it altogether but understanding when anxiety is most likely to occur, and how best to manage it, can lead to a less stressful experience and a better outcome. We have written an article on this which is valuable reading for anyone thinking of selling - or for empathetic buyers wanting to better understand how the person on the other side of the table may be feeling! Check it out here: Dealing With Anxiety Through The Sale Process
On a final note, it has been another busy week on the road. Tuesday, I (Mark) was in Brisbane meeting with clients and prospective buyers and yesterday was a full day of second round meetings in Melbourne with a client and a number of shortlisted buyers. Today it is great to be in Tasmania presenting our Market Update on Buying and Selling Accounting Practices at the CPA Australia Public Practice Symposium 2023. I'm looking forward to meeting practice owners from across Tasmania over a few glasses of locally-produced wine, or maybe even a craft gin (I discovered on my January holiday in Tasmania that there are around 70 craft gin distilleries across Tasmania so plenty of options!).
Daniel is also heading back to Brisbane later this month and I will be in Sydney in April so if there are any practice owners ready to sell, thinking of selling in the future, or looking to gain a greater insight into the market do reach out to us below to arrange a coffee date.
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