Welcome to this week's Market Update where we are delighted to introduce another speciality audit practice based in Brisbane that we are listing for sale:
1 Principal firm, Brisbane $302,000 in fees (ID#269)
Coincidentally we have sold two Brisbane-based audit practices in the last few months, so we know there is strong demand for these stable fees and easy to manage practices. If this looks like a good fit, don't delay in registering your interest via the website listing.
As a reminder we also listed a high quality Perth accounting practice last week: 2 Partner firm, Perth $835,000 in fees (ID#271). There is a growing level of interest and we are already talking to buyers keen to meet with the Vendors. Move on this one quickly if it looks a good fit and you haven't yet registered your interest.
I (Mark) am currently in Sydney meeting with practice owners and clients, and attending tomorrow's CPA Public Practice Forum New South Wales. Practice owners are generally optimistic and reporting strong FY23 results, but their number one issue, consistently, is finding enough good people to complete all the client work in a timely manner and still have capacity to grow. It's a significant challenge and one we see continuing for the foreseeable future, reinforcing the importance of building a strong culture and being proactive in retaining good performers.
For anyone wanting to sell by the end of the year there is still plenty of time, but you will need to get started soon. To discuss your options and the best way forward, reach out to us below: As our latest Market Data indicates, you should feel confident of achieving a successful sale, with a strong commercial outcome and a good new home for your clients and team.
You can also read what former DMY clients have to say about us here: Testimonials.
See you out there!
Mark and Daniel
mark@dmyassoc.com.au daniel@dmyassoc.com.au,