Accountants: Did You Miss This?
I wanted to reach out to the significant number of Accountancy practice owners who have been effected by the current situation.
Effected, if you are over 60, considered medically high risk or if you are just scared of meeting with clients at the moment.
Or on the other side of the coin, maybe you just really enjoy being at home at the moment. Sick of running your practice and your heart isn’t in it anymore?
You want to be somewhere else, doing something else!
First thing I want you to know is you are not alone, there are many Accountancy practice owners who are seriously considering the options available to them.
But the responses I am hearing are:
How do I get a good price when the economy is flat lining like this?
I need someone to look after these clients now!
Who can provide locum cover immediately?
I am concerned about being on the market at the same time as everyone else.
Who out there actually has the cash ready to pay up front?
Who out there is ready to move quickly? I don’t want to be messed around!
Our Buyers Guild – which covers the whole of the UK - are able to offer immediate locum cover and have cash available to purchase right now.
The world is heading for a severe recession and there is a lot of fear around physically but also commercially however, it is also the reason why we are seeing demand for acquisitions rising rapidly.
You will have been through previous recessions and what happens is clients, they go for cheaper options and unnecessary expenditure will be cancelled until it is affordable again.
So what is it that every practice owner needs in a recession? It is new clients, new business, new recurring revenue introduced to them.
You won’t actually find another time of higher demand!
But that is only want one part of what we need. We also need affordability as well.
All members of the historic Buyers Guild are able to provide immediate locum cover for your clients and have proved that they have immediate cash available.
Not everyone gets onto our Buyers Guild. It is reserved for top class buyers and so to qualify acquirers must be trading and proficient in the Accountancy industry (not as employees), but as owners running their own business.
This is so we and you know that they have the experience and the skills to look after your clients properly.
To even join the Guild, they must pay a retainer! This tells us and you that they genuinely looking and they have a serious intention to get your business off the market so you won’t get messed around!
They have proof of funding so that you know they are a genuine prospective acquirer and you aren’t wasting your time with a wannabe who doesn’t actually have the cash to do anything.
Of course this isn’t for everyone, our Guild is full of Accountancy practice acquirers who don’t want to be messed around either.
So if you are genuinely considering your options and you have a good business with good clients and good staff that you want to look after then here are 3 ways I can help:
Whilst we are all in enforced downtime, why not take the time you have to have a read over our FREE guide to the 7 Steps to Selling Your Accountancy practice. You can have the critical tools that are essential to understanding the buyer perspective, which you can use to your advantage to ensure you secure a premium offer by clicking here.
Book in for a conversation with me and the team. We can realistically tell you what you can expect to receive for your Accountancy practice right now. Click here to book a free and no obligation phone call now.
We can also share with you how many of the guild are within striking distance and who they are, so you can make a decision on the market and understand what is going on. If you would like more information, reply back to this email with the word ‘Guild’ and I will get straight back to you.
Best wishes,
Steve Hagues
PS. There are eight key metrics that determine the value of Accountancy practice. Click here to find out what they are!
