Market Front
We are fielding many enquiries about the Buying/Selling/Merging and succession planning in the Accounting market.
We have been invited to discuss the market from reputable accounting firms and have advised many Partners in terms of the Accounting market and changes.
The commonly used valuation method of cents in dollar is still used as the best means of valuing a practice from what we are seeing. As we know there are many other variables such as the quality of the work, clients, vendor and client relationship, systems, financials etc
This year alone we have had huge growth in terms of selling practices; each practice sold encounters different methods and expertise. We have also noted emails sent from inexperienced and unregistered agencies wanting to advise clients on the buy/sell and merge or to sell through them.
First thing is check their LinkedIn profile and experience, ask them if they are a registered agency under the REAA. The REAA is clamping down on individuals who are soliciting the sale of accounting practices without having a registered license.
Over the years we have built up a rapport with the many Accounting firms, we take the time to understand their requirements and most of all provide them with long term solutions. Our current team consists of Accountants (EX Big 4) who have owned Accounting Practices previously so understand the process and have walked in your shoes!
We also have NZ’s elite top real estate agent working as part of our team. We are the only licensed Broker focusing 110% in the Accounting Practices market space nationwide. (We don’t sell cafes or other commercial businesses). There is a difference in dealing with the EXPERTS and dealing with a Generalist!
Our practices currently on the market range from $400k-$3million.
As we both know, business relationships are based on Trust and Experience!
Looking to BUY/SELL/MERGE or just general market advice?
Contact us TODAY!
Riki Sila a Director of Accounting Practices Limited
(Market Leaders in nationwide brokering of Accounting Practices)
09 600 2092 or 022 0432 880 or admin@accountingpractices.co.nz
www.accountingpractices.co.nz for the latest listings.