Accounting Practices are normally in high demand and scarce. This should demand a higher price as a result, however, buyers of these businesses are accountants that are cautious by nature. More important the price of these businesses are under huge pressure because the accounting clients normally are loyal to the selling accountant. Thus although high in demand and sought after be aware that the price will have to accommodate the cautious nature of the specialist buyers and the high risk of the client base that are sold.
Normal CONFIDENCE around these business types is HIGH
Multiples around these types of business are currently R0.50 to R1.40 paid for R1.00 of annual turnover. This obviously is dependent on various factors specific to each business. Contact us for a consultation.