Details on the process, and essential details to address.
Guidance - Accounting Practice Sold
Leading Accounting Practice Sales in the Midwest with over 35 years combined experience
The due diligence is done, and you and the buyer are satisfied with the deal. You’re getting ready to schedule a closing date where you and the buyer, along with your APS Consultant and other professionals, will dot the I's and cross the T’s. So what should you expect before crossing the finish line?
The day eventually will come. You’ll want to leave your clients in the best hands and reap the maximum rewards from your efforts.
Goal setting is more than a fundamental business technique for achieving strategic business growth. Goal setting is the catalyst for your internal driving force.
The tax law overhaul has created a world of possibilities for those business owners thinking about selling … and maybe even those not thinking about it. It pays to be prepared.
IMAGINE THAT YOU OWN A practice with, say, $500,000 in annual revenues. You started it 30 years ago; you persevered through lean times, built a loyal staff and a satisfied customer base. Your hard work and risk taking has paid off and you’re now turning a decent profit.
Growing business value should be the ultimate goal of every business owner. Actively engaging in ongoing, focused efforts to grow value is the only true way to ensure the well-being of the company, the customers, the employees and the owner’s Life Beyond Business.
Where the real selling price of your Practice is decreased if the buyer does not achieve the guaranteed level of sales retention. We work very diligently to structure a selling price that will not be affected by the retention of sales that the Buyer may experience, because we believe that client retention for a new Buyer should be very close to that of the departing owner.
Do you have plans for your time post sale? What proceeds from the sale will be needed to meet your retirement goals? If you are planning to retire, it’s recommended that you seek counsel from a qualified Retirement Specialist that can help you determine if you have an income stream to meet your needs.
If an average amount of care and business sense is used, client retention after the sale is almost always a non-issue. After having facilitated the successful transition of over 100 practices in my 25 years, I have come to expect that nearly all of the clients will stay with the new owner.