Client selling business
Many of us will be aware of the rule of thumb valuation rates for an accountancy practice or fee block and who the main brokers are in the market.
However, I have a client with a property management buiness and I need some idea of the general rule of thumb rates in that market or details of specialist brokers.
Like with accountancy there is a significant proportion of recurring fee. The price and terms my client has been offered are noticeably less favourable than they would be for an accountancy practise.