Reminder New Listing, Brisbane North, Selling in 2024, Bookkeeping Summit

Welcome to this week's Market Update. The good news is that summer starts tomorrow (although if you live in Melbourne you wouldn't think so). The bad news is that, if you are like me, there are only four weeks left until Christmas and a hundred things still to get done in a short space of time. Fortunately my 12 year old daughter is highly proficient in PowerPoint and has prepared a very neat presentation with everything she'd like from Santa including details on brands, sizes and convenient links through to the relevant online stores. It's certainly not how we rolled when I was 12!

As a reminder we listed an integrated accounting and financial planning practice in the outer suburbs of south east Melbourne two weeks ago:

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 already starting to meet interested buyers this side of Christmas so don't miss out.

We also have a great practice in the northern suburbs of Brisbane that we are highlighting this week. This practice has stable fees and a good quality diverse base of small business clients. The Vendor, aged in his sixties, is transitioning  to retirement. It was previously advertised as "South East Queensland" so here it is again in case it was overlooked first time round: 

1 Principal Accounting Practice, Brisbane Northern Suburbs  $850,000 in fees (ID#157)

The run-up to the end of the year is always a busy time for deals progressing. In the last two weeks we have had  two more practice owner clients successfully execute Heads of Agreements with preferred buyers which is a great early Christmas present for them:

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

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

Meanwhile, if you are looking to buy or sell a bookkeeping practice, check out The Australian Successful Bookkeeper Virtual Summit taking place next week on December 5th & 6th. I (Mark) am presenting a session on the current market for buying and selling bookkeeping practices using our latest Market Data and recent case studies. Register now to reserve your spot: https://campaigns.arosoftware.com/view/dmy/871409?ct=https%3A%2F%2Fwww.thesuccessfulbookkeeper.com%2Fvirtual-summit-2023.

That's a wrap for this week's Market Update. If you are thinking of selling your practice by 30 June 2024, now is a great time to start the ball rolling. With 80% of our practice sales occurring 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. We already have six practices all across the country getting ready to list early next year so we forecast that 2024 will be another busy time for buyers and sellers.

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, Brisbane Northern Suburbs  $850,000 in fees (ID#157)

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)

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)

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

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

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

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)

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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