Welcome to the Accounting Firm Sold guidance library! Here you'll discover helpful advice on buying and selling accounting practices, curated from over 35 years of combined experience in accounting firm sales.
You’ve spent years building a great practice and are closing in on retirement... Selling your practice isn’t an easy process, all things considered. Here are questions to ask yourself that can help determine if it’s the right time to sell.
The due diligence is done, and you and the buyer are satisfied with the deal. You’re getting ready to schedule a closing date where you and the buyer, along with your AFS Consultant and other professionals, will dot the I's and cross the T’s. So what should you expect before crossing the finish line?
IMAGINE THAT YOU OWN A practice with, say, $500,000 in annual revenues. You started it 30 years ago; you persevered through lean times, built a loyal staff and a satisfied customer base. Your hard work and risk taking has paid off and you’re now turning a decent profit.