Why You Should Choose a Business Broker When Selling Your Accounting Firm

Graphic of people chatting: Selling Your Accounting Firm: Expert Tips & Guidance

Are you looking to sell your CPA practice? The time may come when you want to sell your certified public accountant company. If so, it is wise to use the help of a business broker. The following are some ways in which these professionals can help you find prospective buyers.

Business brokers provide many benefits for both sellers and purchasers of small businesses. They know how to market your company correctly because that is what they do every day- they help companies like yours get bought or sold at a fair price for all involved parties. They have connections with people in the industry and can provide you with valuable insight into your company’s value. They will negotiate on your behalf to ensure that you get the best deal possible!

Have a Clear Understanding of Your Goals

The first thing you should do when looking into buying or selling a practice is determine your objective. There are several reasons why someone may want to sell their CPA firm, including: retirement plans, wanting to move in another direction (i.e., change career paths), or because the owner has passed away or become disabled. It would help if you established what would make you happy in this situation so that you don’t settle for something less than perfect.

sell your CPA practice Florida

Marketing Your CPA Practice

When you want to sell your practice, one of the first things you should do is get in touch with a business broker. You can use them to help market your CPA firm and find interested buyers. For example, some questions that they may come up with during their initial meeting might include:

  • What type of customers do you serve?
  • What kind of service does your company provide?
  • Who are your competitors?

Business brokers can provide valuable insight. One of the most valuable services that business brokers can offer is having years of experience selling businesses. They come into contact with all kinds of professionals daily and have worked through countless deals throughout their careers! This means that they know all of the legal considerations, secrets to negotiating, and effective business marketing needed when it comes time to sell your business.

Finding a Buyer

A business broker can efficiently market your business to find potential buyers. In fact, some of them have access to a network of individuals who may be interested. For instance, they usually have access to websites where businesses are bought and sold regularly. They also know how to advertise in local publications so that potential buyers know where you are located!

A business broker will work with both parties until a satisfactory purchase agreement has been drafted and signed by all parties involved. In this way, they will help ensure that everyone is happy with the terms of the deal leading up to the closing day! This means that you can focus on things without worrying about the day-to-day operations of selling your practice.

sell your CPA firm Florida

Prepare for The Sale Properly

Business brokers usually recommend that the company put together a marketing package so that potential buyers know what is for sale. This package should include:

  • Short and long-term goals
  • Mission statement
  • Information about the principals (owner’s name, why the owner is selling, etc.)
  • History of practice
  • Why do you want to sell at this time
  • List of critical employees and their roles in the business
  • Client list and contact information
  • Industry affiliations and memberships
  • Competition analysis
  • Pricing information
  • Assets of firm
  • Purchase agreement/letter of intent
  • Any contracts or agreements with customers

When you are preparing to sell a CPA practice, it is essential to find a business broker with the right background and skills to provide you with practical advice. They will be able to help you understand the process and walk you through it without any issues!

sell your CPA business Florida

Start Your Search Online

One of the best ways to find a business broker to help buy or sell your practice is by searching online. There are several websites where professionals list their services and provide information about what they can offer.

If you want to sell a certified public accountant practice, a business broker can be an invaluable resource to help get the job done! Use these words of wisdom from experienced professionals who have been there before and will negotiate for you to get the best deal around!

Sunbelt Business Brokers of Florida is a business brokerage firm that can sell your CPA business. We are the most successful business brokerage firm in the state, and we have served thousands of business owners. We can help you today! Contact us now for more information!