The listing: Accounting Practice For Sale - Newcastle has been marked as sold. Congratulations to the advertiser and the vendor on this great result. However, with this business sold, we still have a large number of buyers keen to purchase an Accounting Practice ...
If you have considered selling your Accounting Practice (or a parcel of fees), we have strong demand for these businesses amongst our subscriber base.
In addition, by listing your business confidentially on Practice4Sale, you have a far greater chance of buyers finding it - our website also regularly ranks highly on search engines when searching for Accounting Practices For Sale.
If you would like assistance in selling your practice, or would like to discuss how our site works, please call us on 03 9853 7452. We look forward to assisting you and your broker in the sale of your Accounting Practice.
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Medici Capital is once again holding their annual Pharmacy Snow Business at Mt Buller in 2012. As a regular attendee of these conferences, the Practice4Sale team have been available to discuss the pharmacy sales market with pharmacists while enjoying the company of other like-minded professionals in a fantastic location. Over 15 CPD points will be available. And with snow already blanketing the mountain, it's shaping up for a great year ahead!
Now that the 2011/2012 financial year has come to an end, it may be a good time to consider how you are going to approach the next year. What are your goals and aspirations for the business? For some of you, a sale may be on the cards.
This is an established and highly successful practice with a history spanning over forty years, generating fees of c.$3.9 million accounting and c.$1.1 million financial planning. The two major owners are committed to a smooth transition, remaining in the business for a minimum two- and four-years post-sale, while a 24% financial planning equity holder will retain their stake and continue long term. The practice has built a strong reputation on deep client relationships, timely work, proactive tax planning and integrated financial planning, with consistent growth driven by referrals. Profitability is strong at 42% before major owners' remuneration, and WIP and debtors are very well managed, with lock-up days of just 23. The client base is diverse and longstanding, with no material concentration risk the top 20 accounting client groups represent just 13% of gross fees. The team is experienced, maintains direct client relationships, and is engaged and thriving in a positive culture.