Buying an accountancy practice is not like buying any other business. There is much to consider that is specific to the accounting profession. Things like:
- clients aren’t cattle, so how do you convince them to stay?
- the seller’s role after completion
- the retention sum – calculation, reduction, release
- what are billings?
- securing key staff
- limitation on billings in the first year
- the restraint on the seller and the key staff
- seller warranties
- the practice software.
Don't start your negotiations with a seller under-prepared. Through our 15-year connection with a professional broker, we have handled many sales of accountancy practice and have built up a substantial body of experience and knowledge that you can use to ensure you strike the best deal with the seller and to protect yourself.
When you order our advice letter, you also receive a complimentary due diligence checklist to help you investigate and check the commercio-legal aspects of the practice.
If you would like more information as to how Townsends may assist with buying an accountancy practice, please fill out our no obligation enquiry tab and we will be pleased to contact you shortly, or call 02 8296 6266 for immediate assistance.