Welcome to this week's Market Update.
Last week we shared our article on Eight Essential Rules When Selling Your Practice. This week we turn to the buy side with Eight Essential Rules When BUYING A Practice . It's a valuable five minute read to help buyers navigate through the acquisition process and set yourself up for a successful outcome.
This week we are delighted to introduce a specialist audit practice for sale. It's based in Victoria but, as we have seen with other recent audit practice sales, could be relocated anywhere in Australia. Register your interest directly via the website listing:
Victoria (Can Be Relocated) - Audit Practice $225,000 Fees (ID#307)
60% of the revenue in this practice is derived from 170 SMSF audits with an average fee of $795 per audit. These are sourced from a longstanding referrer base of accounting firms. The Vendor is in his seventies and retiring.
As a reminder we listed a high quality accounting practice for sale last week in Victoria's West Gippsland growth corridor. If it looks like a good fit register your interest via the listing page now:
West Gippsland Victoria- Accounting Practice $1.1M Fees (ID#293)
This practice offers a stable and growing fee base, very high profitability and well managed WIP and debtors. The 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.
Meanwhile DMY clients continue to make good progress with their sales with two practice owners signing Heads of Agreements this week with preferred buyers: Melbourne North Eastern - Accounting $450,000 in fees (ID#237) and Brisbane - Bookkeeping Practice $152,000 in fees (ID#279).
On a final note, Daniel will be in Perth next week meeting with clients and buyers. If you are a Perth practice owner thinking of selling or wanting to get a better understanding of the market reach out to Daniel for a coffee.
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.
