We have decided to sneak in an extra newsletter this week instead of our usual fortnightly rhythm as we have another new listing - a high quality one Principal practice in the inner south-east suburbs of Melbourne with c. $555,000 of fees. This practice has very profitability and an attractive base of business clients. It's ideally positioned as a tuck in and we are anticipating very high levels of demand. Check out the details below.
Meanwhile our new $1m Brisbane practice listing has already had 26 buyer enquiries after being listed for less than a week. If this a good fit with your acquisition strategy you should enquire now to give yourself the best chance of competing for the opportunity.
Elsewhere, our client with a $1m Regional Victoria practice has successfully completed a Heads of Agreement with a preferred buyer this week reinforcing that demand for good quality practices remains strong in regional not just metropolitan areas.
Finally, here's a repeat of an important message from last week in case you missed it.... Looking to sell your practice before the end of 2021? Time is running out but it is still possible through DMY. With an average of over 60 buyers for every sales listing we can move quickly to help you achieve a strong commercial outcome and cultural fit for you, your clients and your people. Reach out to email@example.com or firstname.lastname@example.org for a confidential discussion to find out more. If you don't get moving now, it will be more likely to be the first quarter of 2022 before a sale could be finalised at the earliest.
Daniel and Mark