Welcome to this week's Market Update. For those of you back at work since early January, Christmas may seem a long time ago and it certainly feels like the market for buying and selling practices is already abuzz. We have been sharing with you the strong pipeline of practices that DMY will be bringing to market over the coming months and are delighted to kick off with the following two new practices for sale in Melbourne and Perth.
Melbourne
1 Principal Accounting Practice Melbourne Inner South-Eastern $600,000 in fees (ID#291)
This practice is in an attractive and high socio-economic area with a good quality client base and capable team. It is well set up for relocation and a smooth transition to new ownership. The Vendor, aged in their early sixties, is transitioning to retirement to spend more time with family and travel.
Perth
2 Principal Accounting Practice, Perth $1,125,000 in fees (ID#289)
Eighty per cent of the fees are from Perth clients and twenty per cent from an attractive satellite regional location, and it is also well set up for a smooth transition to new ownership. A Senior Manager, who handles the majority of the practice’s largest clients, holds 10% equity and is looking to continue with the buyer and open to equity opportunities down the track. One of the Principals is transitioning to retirement while the other is looking to spend more time with family after a 12 month transition.
If either looks like a good fit, register your interest directly via the website listing.
For anyone who missed it last week, we showcased three of our existing listings spread across Australia that offer a fantastic change of lifestyle for the right buyer. So, whether it is a sea-change or a tree-change, here they are again:
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.
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.
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.
For those of you who enquire about the practices we have for sale (and there were over 900 of you in 2023) you will notice some changes to our De-Identified Practice Summaries and Information Memorandum's for all our new listings. Nothing major, as they already receive very positive feedback, but we are always looking to improve every aspect of our service and we've invested some time over the break to make them even sharper and easier to digest. We like the new look. Let us know what you think.
See you on the other side.
Mark and Daniel
mark@dmyassoc.com.au daniel@dmyassoc.com.au,
Helping sellers of accounting and bookkeeping practices achieve their best life.
