Buying an Accountancy Practice

If you are interested in growing your practice then the quickest way to do this is to buy some fees.

Whether you have bought before or this is your first experience, this process doesn’t have to be difficult. In fact, 99% of vendors are happy to help with a handover after completing the sale to increase retention and minimise attrition.

We work with buyers all over the country. Some of our buyers have bought from us before, but many are new to it. We will give guidance and support, wherever it is needed. No buyer is too big or too small. We want to connect you with sellers so that everyone gets what they want, and we will act as the conduit between you and the seller to help ensure the process runs smoothly. If you are unsure how to put in an offer, then we will help and guide you through the process. A professionally presented offer can be the difference between acceptance and rejection.

Please see below for some guidance that will help you get started.

  • What is your turnover?

    We will not introduce a buyer to a seller if the buyer’s turnover is less than the fees being sold. There may be exceptions to this and we would be happy to advise.

  • Do you have funding in place?

    A seller will give priority to a buyer that has funding in place. If you have to apply for funding this can delay matters by many weeks.

  • Where in the country are you looking to buy?

    The more rural the area, the fewer sellers there are. We are happy to advise on the chances of being able to buy and sell practices in different parts of the country.

  • What size practice are you looking to buy?

    If we know what size of practice you are looking to buy, we will be able to contact you should we have a practice that fits your criteria.

  • Will you take on an office?

    A vendor will tell us if they require the buyer to take on their office. We need to know if the buyer is prepared to do this.

  • Will you take on staff?

    If the vendor has staff and the buyer does not want to take them on, this may result in significant redundancy payments having to be made to the staff, particularly where they are long serving.

  • Have you ever bought before?

    It can be a distinct advantage if you have bought fees before. We can tell a vendor that you have experience of integrating fees, minimising attrition and maximising retention.

If you are interested in buying fees then please register yourself to be put on our database. That means we can contact you if a suitable seller comes on the market.

I am most grateful for your assistance and support in the acquisition process and consider your overall level of service to have been excellent. Many thanks.John Lyons, Stockton on Tees