With a large chunk of the population still in lockdown and "tax season" upon many practices, it remains a busy time with owners juggling on multiple fronts. That has not stopped strong buying and selling activity for good quality accounting practices which continues unabated:
A Melbourne CBD client with $1.25m in fees executed their contract of sale in the last week and will be settling in the next couple of days.
A Brisbane client with $1m in fees listed three weeks ago and has already had enquiries from 36 interested buyers and is now going through first round meetings with shortlisted parties.
A Melbourne suburban client with $555,000 in fees listed just two weeks ago and has had already had enquiries from 53 interested buyers and is similarly going through first round meetings.
Our message here is simple. Whatever your location, if you are looking to sell, DMY has a proven track record in attracting a diverse range of quality buyers and achieving strong commercial outcomes for our clients.
COVID is a significant challenge across many aspects of our lives, but owners of accounting practices are resilient and flexible - COVID is not getting in the way of deals progressing, and being finallised with practices transitioning to new ownership.
If you are thinking of selling at any time in the next 12 months reach out to firstname.lastname@example.org or email@example.com for a confidential discussion on the current state of the market and how other firms are successfully navigating COVID to sell their practices.
Daniel and Mark