Welcome to our first Market Update for 2024.
Many of you are no doubt still enjoying the summer break although based on the level of enquiries this past week there are many already back at work and putting their plans in place for a successful year ahead.
2024 is shaping up to be another strong year for practice sales. DMY already have ten owners engaged with us to sell their practices in early 2024 with more in the pipeline. These range from practices firms on the West Coast to the East, metro and regional, large and small. We foresee no letup in buyer demand and the market will remain hotly contested.
The summer break presents a good opportunity to recharge and reflect on what is important in life and set or re-commit to those goals that will help you live your best life. For me (Mark) it's all about achieving a greater level of balance across family, health and work. If a change of lifestyle is one of your goals then we have some great opportunities for sale that might appeal to you. They all listed late last year but potentially got overlooked in the frantic scramble to the end of the year.
So, whether it is a sea-change or a tree-change, check out the following:
Queensland's Sunshine Coast
2 Principal Accounting Practice $1,150,000 in fees (ID#275)
The majority Partner is looking to exit but the junior Partner is looking to continue as an employee to support a smooth transition. This is an excellent opportunity for an experienced individual to take on a well run practice with a strong reputation in its local community, or a larger Queensland practice looking to expand its Sunshine Coast presence.
NSW Regional South Coast
Buy into (one third share) a 2 Principal Accounting Practice, $1,200,000 in Fees (ID#133)
The two Principals are aged in their forties and looking to bring on an additional experienced Principal to balance their workload and help fuel the next wave of growth. This is a dynamic practice with a strong growth agenda and offers a fantastic combination of a rewarding career and awesome coastal lifestyle in a vibrant community. Canberra practices looking to expand their footprint should also take a look.
South Australia Regional
2 Principal Accounting Practice, $1,100,000 in fees (ID#285) Microsoft PowerPoint - Information Memorandum - ID#285 October 2023 FINAL.pptx
The two Partners, in their fifties and early sixties, are transitioning to retirement although one would like to continue for 7-10 years and retain a material level of equity within the practice. This is another great lifestyle opportunity for an experienced individual looking to relocate to a vibrant community in a beautiful location within easy reach of Adelaide, or an Adelaide firm looking to grow a regional presence.
If any one of these looks appealing, register your interest via the listing.
We will start listing new practices for sale from next week.
See you on the other side.
Mark and Daniel
Helping sellers of accounting and bookkeeping practices achieve their best life.