Welcome to this week's Market Update where we have another new accounting practice for sale, this time in Regional South Australia.
2 Principal Accounting Practice, South Australia Regional $1,100,000 in fees (ID$285)
This long-established practice has stable fees and a loyal and diverse client base of primarily small businesses and offers an attractive lifestyle for anyone looking to relocate to a vibrant community in a beautiful location and/or an Adelaide firm (or beyond) looking to grow a regional presence.
If it looks like a good fit, register your interest via the website listing.
This is our second lifestyle opportunity in as many weeks after we listed a NSW Regional South Coast accounting practice last week where two Principals, aged in their forties, are looking to sell a one third share and bring in an additional Principal to balance their workload and help fuel the next wave of growth. In case you missed it, here is a reminder:
2 Principal Accounting Practice, NSW Regional South Coast $1,200,000 in Fees (ID#133)
Practice sales can occur for many reasons. An increasing trend we are seeing is for entrepreneurial practice owners, who have successfully grown their practice to its limits on their own, are looking to merge with a like-minded practice to fuel their next wave of growth. These practices will receive strong interest from blue chip buyers who are attracted to the high quality of the practice owner, their people and their clients. DMY has recently achieved a successful merger for a $2.8m Brisbane accounting practice in this position and our marketing campaign generated interest from 50 of the leading practices across South-East Queensland. The successful party offered a great cultural fit and close strategic alignment. Reach out to us below if you are weighing up your future growth options and would like to find out more.
Elsewhere we have been busy this week compiling our latest six-monthly release of Market Data including selling prices, levels of buyer activity, retention levels and much more. We are seeing continued strength in selling prices for both metro and regional based practices and no letup in demand. Stay tuned for all the detail in our next Market Update!
Continuing our South Australia theme, Daniel will be visiting Adelaide next week to participate in CPA Australia’s Public Practice Forum South Australia which we are delighted to be sponsoring. Be sure to say hello if you are attending or otherwise reach out via the email address below as Daniel is in town for a few days and still has time available if you’d like to catch up for a confidential discussion on the market and your own situation.
See you out there!
Mark and Daniel