Selling an Accounting Practice
– When is the right time to sell?
– What is my business worth?
– How long does the process take?
These are the most common questions we receive from people looking to sell accounting practices. But before we can answer these questions, a seller must consider the following:
- How much longer do you want to work?
- How much longer do you need to work?
- How long would you be willing to remain as part of a transition?
If you can’t answer these questions on your own right now, that’s perfectly fine. After all, that’s why Private Practice Transition is here. We will gladly work through the nuances of the above questions with you, to help create a definitive timeline for selling your business.
Why You Should Consider Selling Your Business
After years of hard work and dedication, now could be an excellent time to reap the rewards and sell your business to an interested buyer. Starting a business and molding it into a profitable enterprise is one of the most difficult challenges for entrepreneurs. Now that you’ve accomplished that, allow Private Practice Transitions to become the broker you need to sell your business; we’ll help you profit from your hard work.
Whether you’re looking to retire, spend more time with your family and friends, or move on to a new business venture, we’ll help you sell your tax practice, physical therapy clinic, or other professional service business.
What Private Practice Transitions Does
Private Practice Transitions is a business brokerage that connects the buyers and sellers of professional practices, from CPA firms to physical therapy clinics, and more. We manage the process every step of the way, from onboarding to closing. We perform our own deep dive valuation, market the business confidentially, vet the buyers, lead the negotiations, and manage the due diligence and closing processes. Our brokers work with buyers and sellers to come to a fair deal that makes both sides happy.
Selling accounting practices can be challenging to do privately, but at Private Practice Transitions, we take the headache out of the process, so sellers can focus on what they want to do next instead of worrying about finding an interested buyer. Let us handle the logistics and details of the transition while you consider your next business venture or how to spend your newfound time off.
Why Choose Private Practice Transitions as Your Business Broker?
When selling a physical therapy practice or CPA firm, there are many brokerage options available, but we’re confident Private Practice Transitions is the best choice when you need a broker to sell your business. We have years of experience to fall back on and a staff of certified business intermediaries with designations from the exclusive International Business Brokers Association.
We’ve brokered hundreds of deals for those selling an accounting firm, and many other businesses and have a 100 percent success rate in the accounting industry. Our expert team will work closely with you to understand your goals and make the transition as smooth and profitable as possible. Learn more about our services, read testimonials from our many satisfied clients, or begin the process of selling your business below.
If you have any additional questions, comments, or concerns, contact us anytime for more information. Learn more about our services, read testimonials from our many satisfied clients, or begin the process of selling your business below.
What a relief it was to find Private Practice Transitions after a frustrating search for a broker to help me sell my accounting practice. Justin Farmer was a perfect fit. He was responsive, yet patient with the myriad of questions and concerns I had. He immediately recognized the intrinsic value of my business, location, and client base. Then, he analyzed the financial data and staff structure before developing a marketing strategy to maximize the exposure of my business to potential buyers. Within a short time, he presented multiple offers to me. He interpreted the legalese of the offers and wisely advised me how to best evaluate the various offers and develop an exit strategy. I highly recommend Justin and the team at Private Practice Transitions to sell your business.
Teresa Lindo
The Private Practice Transitions team effectively led us through the challenges of selling the physical therapy business we have owned and operated for 15 years. As physical therapists, we face additional nuances to a business sale due to insurance reimbursement and client involvement. The team at Private Practice Transitions helped us wrangle those unique challenges and found us a buyer that we are excited to transition our business to.
John Estes
Of course I had hoped that it wouldn’t take too long, but I had no idea that my practice would be sold in just three and half months after contacting you. You guys are amazing!! You knew exactly how to market my CPA practice to find the perfect buyer and in record time. I appreciate your professionalism and your quick responses to my questions throughout the process. I had shopped around for the broker I felt cared about me and my goals and am so happy to have found you. I can’t thank you enough. It’s been one month already and I still can’t believe I’m retired and for the first time in years can truly enjoy the holidays the way I want to. I highly recommend Private Practice Transitions.
Carolleen Lovell
This was our first time working with a business broker and we could not have imagined such a good outcome in such a short span of time. Justin, Tanya, and the PPT Team guided us through the process and we felt well-informed and confident we had the best team in our corner each step of the way. The team at Private Practice Transitions is knowledgeable, professional, thoughtful, and very very effective. Finding the right fit for our clients was incredibly important to us and Private Practice Transitions understood that and proved to be excellent matchmakers. Their stellar reputation is well earned.
A.S.
I am a very satisfied client of Private Practice Transitions. The memorandum they developed to present to prospective buyers was extremely detailed and professional. Thanks to their tireless efforts we had multiple offers to select from in a short period of time. Without their assistance I am quite confident the practice would have sold to an inferior buyer at a much lower price. Their communication, experience, and overall professionalism are first rate and I would recommend them to anyone.
Sean Sipe
Without Justin and his team at Private Practice Transitions, I would not have known how to take my business to market, value the business and transact with virtually no complications.
Justin Farmer of Private Practice Transitions was always several steps ahead and able to answer any questions which arose. Justin was extremely professional and his stellar reputation with prospective lenders was very evident. Justin’s experience, knowledge, and communication skills are second to none. I am thankful for Justin’s wise counsel and capabilities.
Steve Roberts
We found Private Practice Transitions through an advertisement in a professional journal. We checked out their website and made the first call. From that call forward, we were treated with respect, integrity, and understanding regarding our wishes and desires for this transition.
Justin and his team were responsive to all our calls and emails throughout the process. They created a Confidential Offering Memorandum, which blew us away and immediately generated much interest from potential buyers. In just a short time, we had interested parties vetted by PPT that we were speaking with. A PPT staff member sat in on every meeting to support us.
The PPT team knows what they are doing and who the players are shopping around, and we are so thankful for their efforts on our behalf. If you are considering selling your business, we wholeheartedly recommend Justin and his team.
Thank you to the PPT team for making this dream a reality!
Melissa and Jerry Mercogliano
The entire team at PPT is exceptional! Every step of the way, I felt supported and informed. From their highly organized onboarding process to closing, it was a fantastic experience. The team is highly knowledgeable, confident; customer service focused, and effective at matching buyers and sellers. I could get everything I wanted from selling my practice and more! I would highly recommend the PPT team to anyone wishing to sell their practice without the headaches and stress associated with trying to sell it on your own.
A 5-star experience all the way around! Thank you, PPT!
.
Sandra Stryker
We are a couple of months into the merger and are very happy with our choice of buyers. The chemistry could not be better as we have fallen in love with the new team we joined. Thanks again for all your work as we could not have done this without Justin and the Private Practice Transitions team.
Rodger Mulholland
There is no way I could have ever done it without them and I would highly recommend them from every aspect of negotiation, presentation, and professionalism.
Lisa McCarthy
Justin and his team made the transition of our practice as easy as possible. They were incredibly responsive and proactive during the process. They helped us get a great purchase price on our firm and ensured that the transition was as smooth as possible. We are very happy working with the buyers of the practice. I would highly recommend Private Practice Transitions to anyone who is looking to sell their practice!