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)
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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.
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.