Welcome to this week's Market Update.
We kick off with our Eight Essential Rules When Selling Your Practice . It's a valuable five minute read to help sellers navigate through the sale process and set yourself up for a successful outcome. Naturally, we are here to discuss this further with you so do reach out for a confidential and obligation-free conversation about your situation and options.
This week we are delighted to introduce a high quality practice for sale in Victoria. Register your interest directly via the website listing:
West Gippsland Victoria- Accounting Practice $1.1M Fees (ID#293)
This established practice is situated in West Gippsland's growth corridor less than 100km from Melbourne. It offers a stable and growing fee base, very high profitability and well managed WIP and debtors. This opportunity would ideally suit a Melbourne firm looking to extend its presence into an attractive and growing part of Victoria or a regional firm looking to expand. The two Principals, aged in their fifties and sixties, are transitioning to retirement but willing to stay on for up to 3 years on a part-time basis to support a smooth transition.
As a reminder we also listed two new practices for sale last week in Melbourne and Brisbane. Both are already seeing strong interest from buyers. If either looks like a good fit jump on to the listing to register your interest.
Melbourne South-Eastern - Accounting Practice $690,000 Fees (ID#283)
This practice is less than 20 kilometres from Melbourne's CBD and has stable fees, strong profitability and well managed debtors. The Vendor, aged in their late fifties, is looking for a change in lifestyle and to focus on other business ventures.
Brisbane Eastern Suburbs - Accounting Practice $430,000 Fees (ID#301)
This boutique practice is c. 20 kilometres from Brisbane's CBD and has a stable and growing local client base of small businesses and sole traders with no reliance on any one client group. The Vendor, aged in their sixties, is transitioning to retirement.
"Living your best life" is top of mind for many of us but can often feel elusive as 'stuff' has a habit of getting in the way. A recent practice that we listed for sale offers a real opportunity for a change of pace and an attractive, more affordable lifestyle less than 100kms from the outskirts of Sydney:
NSW Central Tablelands - Accounting Practice $400,000 Fees (ID#290)
The Vendor, aged in their sixties, is transitioning to retirement and feels this would be an excellent opportunity for an individual or husband and wife team.
On a final note, I (Mark) spent a couple of days in Sydney last week and Daniel has been in Adelaide this week. Talking with practice owners is a key part of our roles and whether they are current sellers, future sellers or buyers it's always a great learning experience and inspiration hearing from owners about their goals and what motivates them. I particularly enjoyed catching up for lunch at Bondi Beach with one former client who sold his practice six months ago. He's in his late sixties and enjoying his new freedom with a recent trip to Europe and right now cycling 150km along the Otago Rail Trail in New Zealand. Now that's living your best life!
See you out there!
Mark and Daniel
mark@dmyassoc.com.au daniel@dmyassoc.com.au
Helping sellers of accounting and bookkeeping practices achieve their best life.
