Important Questions to Ask When Financing a Business Sale
Selling a business that you have put many years of your life into is the monumental decision. The business you own is most likely your largest asset and is probably also your main source of income. This is why, when the time comes for you to exit, you need to put a lot of thought…
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How to Sell Your Business for Top Dollar
At some point, entrepreneurs reach the point where it is time to exit their business. Whether it is retirement, health challenges, relocation, or another reason, unless you are passing it along to the next generation, there will come a time when you need to put your business up for sale. To receive optimal value from…
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How to Pre-Qualify Prospective Buyers for Your CPA Practice
Selling a CPA practice can be a full-time job in and of itself. Once you have made the decision to exit your practice, you must spend several months preparing for the sale. This includes organizing your financials, ramping up client acquisition, and other activities that will maximize the value of your firm. When the time…
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4 Common Mistakes in Selling a CPA Practice
CPA’s spend most of their careers working diligently to build their practices. However, many do not devote proper attention to their exit plan. When it comes time to sell your CPA practice, it is important to have a solid transition plan in place so you can avoid some of the common errors other practice owners…
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How to Prepare a CPA Practice for Sale
Selling your CPA practice is a major step. Putting your accounting firm up for sale involves proper planning to ensure you receive a good price for what is probably your most valuable asset. Ideally, the preparation time for a business sale should be at least a year or two. There are instances when circumstances dictate…
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Build Value inside a CPA Practice before Selling
Most CPA’s have heard that valuation multiples for accounting practices and CPA practices are based on gross recurring revenue and range between 75% and 150% of gross revenue. Some understand that even though the multiple is based on gross revenue, the multiplier selected is based on the profit margin or cash flow margin. What many…
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