I’ve listed a few common questions I get. Please feel free to ask some others!
Me:
CPA from the Northeast. Spent a bunch of years in Public Accounting. Now sell Accounting Practices
Things I’ve read:
Public: “Most of the firms for sale are trash”
Me: Not most, but some. Yes, some are 1040 Mills
Public: “All of the firms are overpriced”
Me: Firms at 1.3-1.5x multiples don’t make much sense to me personally. Buying at 0.75-1.2 does.
Public: “A large amount of the clients will leave when the transition is made.”
Me: If the right actions and the transition is done properly, you should not lose more than 5%
Me:
CPA from the Northeast. Spent a bunch of years in Public Accounting. Now sell Accounting Practices
Things I’ve read:
Public: “Most of the firms for sale are trash”
Me: Not most, but some. Yes, some are 1040 Mills
Public: “All of the firms are overpriced”
Me: Firms at 1.3-1.5x multiples don’t make much sense to me personally. Buying at 0.75-1.2 does.
Public: “A large amount of the clients will leave when the transition is made.”
Me: If the right actions and the transition is done properly, you should not lose more than 5%