Welcome to this week's Market Update where we are delighted to share our latest six-monthly release of Market Data and Insights. This includes selling prices, levels of buyers interest, retention terms and time to sell for thirty recent practice sales (since April 2023), as well as key trends going back to 2021.
There are no shortage of competing opinions when it comes to the price a practice can fetch, how easy it is to sell, and what is "standard" when it comes to key commercial terms such as retention. Through the deep use of data and insight, DMY aim to help sellers and buyers cut through the noise and build their knowledge to create a more efficient and transparent market for all parties.
If you are serious about successfully buying or selling, educating yourself on the market is key. Enjoy the read and let us know what you think: DMY Market Data May 2024
In case you missed it last week, we announced a new practice for sale in Regional Queensland. If it looks like a good it, register your interest via the website link below:
Queensland Wide Bay Region - Accounting Practice $750,000 Fees (ID#281)
This long established practice has a strong standing in its local community and comes with a diverse client base of small businesses and sole traders .The Vendor is looking to retire and move out of the area.
Next week we will have more practices for sale and another new tranche of market data and insights where we take a closer look at the profile of the thirty recent practice sales that underpin our latest Market Data and Insights: the age of the seller, reasons for selling, their primary service lines, amount of fees sold, and the gender of both buyers and sellers.
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.
