Best way to sell accountancy business

Best way to sell accountancy business

Didn't find your answer?

I have a small accountancy business in the North West that I want to retire from.  Ideally I would like someone to take over running the business and the office lease, but being practical, I guess it may just get absorbed by a bigger practice.  Can anyone offer me any advice on whether to use some sort of selling agent (not sure whether a general one or someone that specialises in accountancy), or whether it's better to advertise it yourself, and maybe send a letter to other local accountants? 

Thanks

Sarah

Replies (2)

Please login or register to join the discussion.

avatar
By pawncob
23rd Jul 2012 22:41

No agents

I put an advert in Taxation and sold all my LTDs to a local firm (which then went bust and didn't pay the final commission payment). Approach local firms first. 

Thanks (1)
avatar
By zarathustra
24th Jul 2012 09:36

I would use a specialist agent

They know the market and can confidentially approach likely interested parties on your behalf.

Buyer pays the fees.

They set up a series of interviews.

I cant see the downside from the vendors point of view.

Thanks (1)