Tuesday 28 August 2012

Accounting Practices for Sale New York

What is apparent is having spoken to a number of accounting and tax brokers across the United States is that competition amongst brokers is fierce, particularly in densely populated urban areas such as New York.

Nevertheless this is good news for practitioners looking to sell, with demand exceeding supply, CPA's that possess profitable practices should be in a strong position to not only to find a suitable buyer, but to also negotiate the broker's percentage fee.

CPA's are more aware than ever of the importance of securing the 'right' buyer for their practice, as well as securing terms that ensure risk is minimized.  It's no longer all about the final sales price, and most practitioners are well aware of this.

Practitioners looking to sell should start the information gathering process as soon as practically possible.  Speak to the leading brokers and get a feel for the market.  Check sites such as the Accounting Practice Exchange, who have a dedicated page that focuses on  accounting practices for sale in New York.

Also ensure you regularly visit the same site's 'Wanted for Purchase/Merger' section which displays the latest classified wanted advertisements from CPA's looking to acquisition or merger opportunities in New York.

Finally, the New York Society CPA website offers a classified ads section.  Opportunities are also regularly posted here, and it still represents a useful resource when attempting to find accounting practices for sale in New York.