With Easter fast approaching and many of us hitting the roads tomorrow to make the most of the break we decided to release this week's Market Update a day early. Post Easter it will be back in its usual Thursday slot .
This week we are delighted to introduce a terrific Sydney accounting practice for sale. There are plenty of Sydney buyers who tell us they are frustrated at the lack of practices for sale so there will be strong demand for this opportunity. Register your interest directly via the website listing if it fits the bill.
Sydney Southern Suburbs - Accounting Practice $1,350,000 Fees (ID#158)
This practice has lots of positives to attract buyers....a strong reputation, very stable small business client base and high profitability. The Principal is open to continuing beyond an initial 12 months on a part time basis and there are flexible options with the premises. Check it out if you are a Sydney firm in growth mode and able to capitalise on the opportunity to add more services to the small business client base, particularly business advisory.
Meanwhile it's been an extremely positive past few weeks for numerous clients of DMY who have signed Heads of Agreements with preferred buyers and are working their way through due diligence. These include:
Melbourne Outer South East - Accounting $,1,600,000 in fees (ID#48)
South West Regional Victoria Accounting Practice $1,250,000 In fees (ID#298)
Regional South Australia - Accounting Practice $1,100,000 in fees (ID#285)
Melbourne Inner South-Eastern - Accounting Practice $600,000 in fees (ID#291)
Of particular note, we have seen buyers of regional practices moving quickly to strike deals for quality practices that offer a strong cultural fit. The $1.1million South Australia practice above listed late last year but active marketing only really began this year, while the $1.25 million Victorian practice went from listing to Heads of Agreement in less than sixty days. If you are a regional practice owner thinking of selling, reach out to us below to learn more about the market and how you can set yourself up for a similar successful outcome.
On a final note, we were recently interviewed by CPA Australia for an article in their InPractice series on the strength of the market for sellers of accounting practices. You can check it out here: CPA Australia: Sellers Market for Accounting Practices
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.
