Over the years we have placed many highly skilled accountants into a “short time frame” Partnership opportunity.
This can be a sensitive issue, especially when you are dealing with an exiting Partner ( This requires an agent with skills to negotiate between the two parties)
The time frames for succession planning can vary from 1-2mths- 5 years, sometimes even longer!
Looking at various options to either:
- Shared expenses
- Merge with equity options
- Sell outright
Prtinent points of the Vendor are:
- NZ educated
- 10 years as a Practitioner
- Ex Multinational firm trined
- CA/CPP Qualified
If you feel you are in a position to add value or look at options with this vendor, then please contact us:
2016 is upon us and the new financial year is nearing faster than you thought!!
The market is in full flight with pending sellers ready to look for the right opportunity or purchaser.
There seems to be a growing trend of succession planning, acquisitions of smaller fees and mergers that we have brokered very successfully in the last year.
We have a huge number of smaller practices looking at various options other than the straight sell!, We have a number of Accountants exiting firms due to financial security reasons, succession planning on the rise etc etc
Is this the right time to sell your Accounting Practice? Are you the type of person that is waiting for that “White Knight”, expecting the economy to get better? Awaiting for the market to change from a sellers to a Buyers’ market? Well guess what? There is not a right time to sell!!
People wait for the economy to improve, however the real value as we both know is in the details of your business ie clients, age, turnover of staff/clients, debtors ledger’s etc etc
There has been a new development that has been set up at Accounting Practices recently.
Due to a huge demand from Accounting Practice firms across NZ, we have now set up an executive search arms for Top Accountants.
As 2015 draws near to a close and the start of the new financial year is fast approaching, I would like to give you an insight on what we at Accounting Practices have come across when it comes to BUY/SELL/MERGE & succession planning of Accounting Practices.
If we take into account the many Practices we have sold nationwide, not all firms are the same, two things spring to mind and that is “systems and culture values”
There seems to be a growing concern from many of our Accounting Clients about emails received from "rookie" agents trying to specialize in the Buy/Sell/Merge aspect of accounting practices. Let’s be clear and frank here, not only do you need to be a licensed agent, you also need to talk, walk and understand the CA market. An expert Broker will understand it is a different ball game all together.
You can't 'fib" your way through accounting talk when it comes to brokering accounting practices.