New Accounting / Bookkeeping Practice For Sale, Lifestyle Change Opportunities

Welcome to this week's Market Update. We appreciate how busy Practice Owners are (when are they ever not?) so we will keep it brief.

Firstly, we have another great new listing to bring to market:

2 Partner firm, Melbourne South-East $1,163,000 in fees (ID#257)

We are seeing strong demand for good quality practices that have integrated accounting and bookkeeping, both from similar practices looking to grow and accounting practices looking to enter into bookkeeping. 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 specialist audit practice last week: 1 Principal firm, Brisbane $302,000 in fees (ID#269) Move on this one quickly if it looks a good fit and you haven't yet registered your interest.

Meanwhile, the COVID pandemic and its aftermath has led many people to reflect on what's important in their lives and, for some, to move out of the city and completely change their lifestyle. For accountants who may be thinking of going down this path we have a number of practices for sale in Queensland, Victoria and even Kangaroo Island in South Australia that offer the opportunity for a lifestyle change while still being able to run a great practice. In case you missed them before, or the timing wasn't right, below are  the practices:

1 Principal firm, Regional Queensland $930,000 in fees (ID#236)

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

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

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

Lastly, I (Mark) had a great time at the NSW CPA Public Practice Forum last week. As well as DMY sponsoring the event (check out our awesome branded coffee cart below!), it was an opportunity to listen to some great speakers and reflect on the bigger picture of why we are in business and what's most important. The highlight for me was listing to Andrew Morello from The Entourage share his philiosophy on life which was along the lines of: My goal is to make lots of money so I can pay other people really well to do the things I don't enjoy doing, so I can spend more time doing the things I do enjoy with the people I love. Very powerful.

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.

See you out there!

Mark and Daniel

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

2 Partner firm, Melbourne South-East $1,163,000 in fees (ID#257)

1 Principal firm, Brisbane $302,000 in fees (ID#269)

2 Partner firm, Perth $835,000 in fees (ID#271)

Queensland

1 Principal firm, Brisbane $302,000 in fees (ID#269)

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

1 Principal firm, South East Queensland  $850,000 in fees (ID#157)

1 Principal firm, Regional Queensland $930,000 in fees (ID#236)

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

South Australia

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

Victoria

2 Partner firm, Melbourne South-East $1,163,000 in fees (ID#257)

1 Principal firm, Regional Victorian City $1,350,000 in fees (ID#192)

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

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

Western Australia

2 Partner firm, Perth $835,000 in fees (ID#271)

2 Partner firm, Melbourne Eastern Suburbs $1,000,000 in fees (ID#205)

1 Principal firm. Melbourne $372,000 in fees (#259)

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

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

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

New South Wales

1 Principal firm, Sydney $860,000 in fees (ID#129)- sold 07/23

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

1 Principal Audit firm, Brisbane Qld $400,000 in fees (ID#153) - sold 05/23

1 Principal firm, Brisbane South East $1,055,000 in fees (ID#231) - sold 04/23

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 Inner North fees of $1.040,000 in Accounting and $200,000 FP (ID#218) - sold 07/23

1 Principal firm, Melbourne - Inner North $560,000 in fees (ID#243) - sold 07/23

2 Partner firm, Melbourne South $1,200,000 in fees (ID#226) - sold 07/23

1 Principal firm,  Regional Gippsland Victoria $1,300,000 in fees (ID#162) - sold 06/23

1 Principal firm, Melbourne Inner South East $630,000 in fees (ID#57) - sold 05/23

1 Principal firm, Melbourne Inner Suburbs $430,000 in fees (ID#200) - sold 03/23

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
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