When I started my accounting firm 35 years ago, I gave no thought to an exit plan. Neither of my children wanted to take over the business when I retired and I was unprepared to deal with the issues involved in selling my practice. Ryan was absolutely incredible in helping me through the process. He spent time learning every detail of my business, gathered all the necessary records, and helped me determine what I was looking for in a buyer. After spending a good deal of time analyzing each offer and potential buyer, he brought me only those buyers who fit our profile and were qualified. He handled all the negotiations and kept me in the loop without wasting my time.
My best interests were always his number one priority. Ryan Gipple is a five star broker in my book and will be in your book too!
Jan and I wish to express our deepest gratitude for your interest and considerable efforts in the successful sale of our CPA practice.Realizing you may want to share this letter with prospective sellers, I have compiled the following timeline of our listing and sale.
July 12 – Initial Meeting to discuss objectives
July 18 – Signing of Listing Agreement
Aug 16 – Conference with Buyer 1
Aug 19 – Conference with Buyer 2
Aug 20 – Conference with Buyer 3
Sept 8 – Signed Contract from Buyer 2
Dec 1 – Close (Delayed closing to December at my request)
All three prospects were very interested in our practice, had unique qualities and we believe, would have worked with us to make a successful sale and transition. The sale of the practice, being not only a financial transaction but after 33 years, a very personal one, and the second prospect made an overwhelmingly good impression on us both.
We appreciate you counsel in helping us to appreciate the qualities and value of our practice, which we, especially I had taken for granted. You worked with us to determine a realistic asking price, considerably higher than I expected. As you know that was the final sales price.
Another thing – I might be living in the past, but I am not the only one who assumed that the sales terms are typically 25-30% down with a five-year seller financed non-interest bearing carryback on the balance. Our final deal was essentially 83% down, with the balance escrowed for client retention adjustments 12 months following closing.
We also appreciate your attendance at each of the initial conferences with the prospects and, especially, your “straight-talk” coaching beforehand (and subtle coaching during)….I am pleased to inform you that it all worked out. Once again, thanks for your assistance, perseverance and, most of all, patience.
Kenneth W Kuenzli – CPA
Opening a new CPA in a challenging economy, part of our strategic plan was growth through acquisition. We were very fortunate to connect with Ryan early on when he convinced us to retain him to help us find not only firms to acquire but more importantly the right firms. Ryan made it a point to learn everything he could about our industry, our business model and helped us narrow the type of firm that would work well for us. So far, Ryan has helped us complete one successful acquisition and has identified several more extremely qualified prospects.
Ryan is as diligent about follow though as nearly any professional I have ever worked with. He also has a strong instinct for personalities and has been insightful in helping us merge the differing cultures which is always a challenge when bringing 2 businesses together. I would highly suggest Ryan for anyone interested in buying or selling a business.
Great Results, On Time, High Integrity
I worked with Ryan this past year on the purchase of an accounting practice. Ryan is excellent at helping buyers and sellers communicate and find common ground. Ryan is knowledgeable, responsive and takes time to understand his client’s goals.”
Personable, Expert, High Integrity
We recently used Ryan’s services when we were looking to expand our existing tax practice. He found a practice that fit exactly what we were looking for and was very helpful every step of the way. He was extremely helpful with dealing with the bank in obtaining the financing. Couldn’t of asked him to do any more. Very happy and plan on using him again.
It gives me great pleasure to recommend Ryan Gipple of Berkshire Business Sales & Acquisitions.
Great Results, Expert, High Integrity.
Ryan was excellent in finding my CPA firm a qualified CPA to purchase my firm. I found Ryan was very professional and responsive. I could not be happier with Ryan services. I would recommend Ryan to anyone who is interested in selling or purchasing a CPA firm.
Joseph "Jay" R. Miller
Working with Ryan was one of the best business decisions I ever made. I tried selling on my own and realized I was out of my depth. Once I engaged Ryan, my business sold within three months (start to finish). I had interviewed several other business brokers prior to engaging Ryan but none exhibited the kind of professionalism and depth of knowledge he did. He stood out from the beginning and continued to show his value throughout the process. He is well worth his fee. I would highly recommend him for any business sale/acquisition/merger.
Ryan was wonderful through the entire process. He explained each step and helped me understand my options. He truly cares about helping you sell the practice that has been an important part of your life.
LuAnn McCormick Roberts
Ryan and his team helped me work through a deal with great success. He knows how to keep the ball rolling. He has a great demeanor and works well with both sides of the transaction. Highly recommended.