More New Market Data and Another New Practice for Sale

Welcome to this week's Market Update where we are delighted to introduce a new practice to market . This integrated accounting and financial planning practice is attractively located in the outer suburbs of south east Melbourne and will be sure to attract strong interest:

2 Principal Accounting and Financial Planning Practice, Melbourne Outer South-Eastern Suburbs $740,000 Accounting and $270,000 FP fees (ID#240)

If this looks like a good fit register your interest via the website listing. The Vendors are keen to start meeting buyers this side of Christmas so don't miss out.

In case you missed it we released our latest six-monthly release of Market Data last week. It contains more data and insight than ever before from thirty recent practice sales and shows sale multiples continuing to rise with an average of 114 cents in the dollar (metro) and 107 cents (regional). Sales are also moving faster with 80% of Practices are selling in less than 90 days (from listing date to signed Heads of Agreement with the preferred buyer).

For those that missed it, all the detail can be accessed here: DMY Latest Market Data - October 2023.

Accompanying these insights is an additional set of data profiling the practices and sellers that make up these thirty recent practice sales. This includes their primary service lines, amount of fees sold, age of sellers, reasons for selling and the gender of both buyers and sellers. Whether you are planning to sell or planning to buy,  this is a valuable read to build your detailed understanding of practices  - and practice owners - that have  been coming to market over the last year. 

All of this additional data and insights can be accessed here: Profile of a Practice Sale

Meanwhile there are only six weeks until the end of 2023. For anyone looking to have settled the sale of their practice by 30 June 2024, now is a great time to start the ball rolling. With 80% of our practice sales occuring in 90 days or less, a listing in late January / early February will set you up well to complete your sale this financial year. Getting ready to list does take preparation so get in touch now to find out what's involved.

See you out there!

Mark and Daniel

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

2 Principal Accounting and Financial Planning Practice, Melbourne Outer South-Eastern Suburbs $740,000 Accounting and $270,000 FP fees (ID#240)

2 Principal Accounting Practice, South Australia Regional $1,100,000 in fees (ID#285)

Queensland

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

1 Principal Bookkeeping Practice Brisbane $152,000 in fees (ID#279)

2 Principal Accounting Practice Sunshine Coast $1,150,000 in fees (ID#275)

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

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

South Australia

2 Principal Accounting Practice, South Australia Regional $1,100,000 in fees (ID#285)

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

New South Wales

2 Principal Accounting Practice, NSW Regional South Coast $1,200,000 in Fees (ID#133)

Victoria

2 Principal Accounting and Financial Planning Practice, Melbourne Outer South-Eastern Suburbs $740,000 Accounting and $270,000 FP fees (ID#240)

1 Principal Accounting Melbourne North Eastern $450,000 in fees (ID#237)

2 Principal Accounting Melbourne Outer South East $,1,600,000 in fees (ID#48)

Western Australia

1 Principal SMSF Administration Practice Western Australia $712,000 in fees (ID#278)

1 Principal Accounting Practice, Regional Victoria City $1,350,000 in fees (ID#192)

2 Principal Accounting Practice, Melbourne South-East $1,163,000 in fees (ID#257)

3 Principal firm, Gippsland Victoria $1,850,000 in fees (ID#208)

1 Principal Accounting Practice, Melbourne Inner East $632,000 in fees (ID#273)

2 Principal Accounting Practice, Perth $835,000 in fees (ID#271) 

New South Wales

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

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

2 Principal Accounting Practice, Sydney CBD ~$950,000 in fees (#SM424) - sold 07/21

2 Principal Accounting Practice, Regional NSW & Sydney ~$2M in fees (#SM408) - sold 04/21

2 Principal Bookkeeping Practice, Sydney ~$$450,000 in fees (#SM428) - sold 04/21

1 Principal Accounting Pratcie Sydney South ~$398,000 in fees (#SM411) - sold 05/20

ACT

1 Principal Accounting Practice, ACT ~$870,000 in fees (ID#112)  - sold 10/21

Queensland

1 Principal SMSF Audit Practice Brisbane $302,000 in fees (ID#269)

1 Principal Accounting Practice, Brisbane South $675,000 in fees (ID#217) - sold 10/23

2 Principal Accounting Practice, Brisbane Inner Suburbs $2,800,000 in fees (ID#195) - sold 10/23

1 Principal Audit Practice, Brisbane Qld 540,000 in fees (ID#227) - sold 05/23

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

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

1 Principal Accounting Practice, Brisbane South $204,000 in fees (ID#216) - sold 11/22

1 Principal Accounting Practice, Gold Coast Qld $530,000 in fees (ID#202) - sold 11/22

1 Principal Accounting Practice, Brisbane North $1,600,000 in fees (ID#190) - sold 09/22

1 Principal Accounting Practice, Brisbane South $714,000 in fees (ID#188) - sold 08/22

1 Principal Accounting Practice, Brisbane North West $263,000 in fees (ID#175) - sold 07/22

1 Principal Accounting Practice, Queensland Northern Gold Coast ~$730,000 in fees (ID#125) - sold 04/22

1 Principal Accounting Practice, Gold Coast - Qld ~$900,000 in fees (ID#86) - sold 02/22

1 Principal Accounting Practice, Queensland North of Sunshine Coast ~$540,000 in fees (ID#126) - sold 12/21

1 Principal Accounting Pratice, Brisbane North ~$1,200,000 in fees (SM407) - sold 08/21

1 Principal Accounting Practice, Brisbane ~$1,448,000 in fees (SM409) - sold 09/20

2 Principal Accounting Practice, Brisbane ~$2,133,000 in fees (#SM410) - sold 07/20

South Australia

1 Principal Accounting Practice, Port Adelaide, SA $425,000 in fees (ID#84) - sold 06/22

1 Principal Accounting Practice, ~$515,000 in fees (#SM405) - sold 05/21

Victoria

2 Principal Accounting Practice, Melbourne Eastern Suburbs $1,000,000 in fees (ID#205) - sold 10/23

1 Principal Accounting Practice, Mornington Peninsula $1,000,000 in fees (ID#98) - sold 08/23

1 Principal Accounting Practice. Melbourne $372,000 in fees (#259) - sold 08/23

1 Principal Accounting and Financial Planning Practice, Melbourne Inner North fees of $1.040,000 in Accounting and $200,000 FP (ID#218) - sold 07/23

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

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

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

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

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

1 Principal Accounting and Financial Planning Practice. Melbourne East Fees of $448,000 Accounting and $294,000 FP (ID#209) - sold 02/23

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

1 Principal Accounting Practice, South Melbourne $620,000 in fees (ID#204) - sold 11/22

2 Principal Accounting Practice, Melbourne Inner Suburb $1,500,000 in fees (ID#168) - sold 09/22

1 Principal Accounting and Financial Planning Practice, Regional North East Victoria Fees of $433,000 in Accounting and $62,000 FP (ID#151) - sold 08/22

1 Principal Accounting Practice, Melbourne West ~$700,000 in fees (ID#122) - sold 05/22

1 Principal Accounting Practice, Melbourne North ~$300,000 in fees (ID#127) - sold 03/22

1 Principal Accounting Practice SE Gippsland ~$430,000 in fees (#SM401) - sold 01/22

1 Principal Accounting Practice, Melbourne Inner South East ~$555,000 in fees (ID#123) - sold 12/21

1 Principal Accounting Practice, Melbourne South East ~$1,360,000 in fees (ID#116) - sold 11/21

1 Principal Accounting Practice, Regional NE Victoria ~$1,000,000 in fees (#SM427) - sold 11/21

1 Principal Accounting Practice, Geelong region ~$495,000 in fees (ID#117) - sold 10/21

1 Principal Accounting Practice, Melbourne CBD ~$1,250,000 in fees (ID#96) - sold 09/21

 1 Principal Accounting Practice, Melbourne South East ~$540,000 in fees (ID#105) - sold 06/21

1 Principal Accounting Practice, Melbourne Inner North ~$360,000 in fees (ID#413) - sold 06/21

1 Principal Financial Planning Practice, Mornington (#SM403) - sold 07/20

2 Principal Bookkeeping Practice Melbourne/National ~$1,100,000 in fees (#SM404) - sold 06/20

1 Principal Accounting Practice, Melbourne Inner North ~$800,000 (#SM417) - sold 12/20 

1 Principal Accounting Practice, 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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