Hi,
I have a change in circumstances that means it would now be a good idea to sell my small accountancy practice.
It is based in and around Bury St Edmunds, Suffolk
The turnover is just over £40k per year, has been built from nothing in 2 years, so it is very well branded and covers 50 clients - predominantly using cloud based software (mix of sole trader/small ltd co/bookkeeping/vat/payroll)
I would be very grateful of any advice, but would be nice to have a rough idea of its' worth, how to go about promoting the sale of a practice, the pitfalls to look out for and how to present the practice in its best shape, as it is a good little earner.
Kind regards
SJ
Replies (5)
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Talk to Nicola Draper
At Draper Hinks. We sold some clients through her recently and she did a fantastic job.
APMA
Brokers are a great way of selling your practice. We've used Lucinda Kitchen of APMA who was great.
I imagine there will be lots of people delighted to take this off your hands. Sounds like a perfect little "starter pack" from which to grow.
You ask what it's worth, traditionally you're looking at give or take £1 value per £1 turnover...so in your case it might fetch £40k. Could be more/less depending on various other factors.