One of the things that constantly amazes me about the Accounting profession, is the reluctance of practitioners to consider retiring. As you know, our agency is the only Brokerage firm working exclusively in the Accounting Profession. We see this all the time on a daily basis and it is a major problem with many Accounting firms.
We are constantly bemused when we get practitioners coming to us who have seemingly all of a sudden decided that they want to sell. When we advise clients to consider selling, we always tell them that it is a careful process and the decision should take a period of time.
Asking Price- $2.5 million
Complianced based Practice
Vendor happy to stay on board for a transition up to 2 years.
Will your Christmas be a HEARTACHE, HEADACHE OR A JOYOUS ONE?
Will you be going into the Christmas BREAK with a clear conscience?
Christmas is looming and you a have a pile of work to get through so you can close down – for a few days at least – with a clear conscience??
Lots of work to get out the door and also lots of fee accounts to be processed and at least some, to be paid BEFOFE you close!!
Today the burning question is: Why do vendors procrastinate?
We are constantly having discussions with POTENTIAL vendors who can’t seem to make up their minds whether or not to sell.
Now we know that your practice is unique as are you
We are constantly being asked ‘how much is my/our practice worth?’ Of course, the answer is ‘how much a buyer is prepared to pay’. Yet, this is a cop out answer!
Can you all remember the different ways we were taught to value businesses? Net Assets, Goodwill as a function of so many years profit etc. The list goes on and on.
Well at long last the Commonwealth Games have finished and we can all get back to some sort of normality and get on with the new financial year, or over it.
One of the things that has baffled many of us over the years, is the ‘x’ factor when it comes to success in business.
I know you will and certainly we have had the chance to get to know a vast number of business owners. Some good, some bad, some succeeded, some didn’t.
We are coming across an increasing NUMBER of genuine purchasers, who are willing/keen to take over a turn key business as of 31/3/18.
All purchasers have been pre-qualified to ensure there is no time wasting!!
No issues with price and willing to ensure a smooth transition on a going concern!
Looking to BUY/SELL/MERGE or source a successor in confidence?
Talk to the EXPERTS in Professional Practices.
As we are approaching the festive season, we are coming across more Practitioners/Partners looking to sell or at least wanting to start an exit strategy, which should have been in place many years ago.