When buyers look at accounting practices, they often focus on the firm’s financial health. However, they should also consider the qualities of its current owner. The characteristics of the person steering the ship can dictate the company’s culture, client relationships, and overall success.

When a person decides to sell or purchase a practice, one of the most critical steps they must take is to perform a valuation of the business. Owners and buyers have many methods to choose from, including the one times gross method.

Many factors can affect the value of your practice, but one you should not overlook is your EBITDA multiple. This number can attract buyers and influence how others see your business, making it critical to keep in mind as you plan your exit strategy. This blog will take a closer look at EBITDA multiples and the impacts they can have on private practice owners.

Accountants may picture themselves selling their business to someone less experienced in the industry when they feel ready to sell. Or they may think they will end up selling it to the owner of another accounting firm who is hoping to expand their customer reach.

Purchasing an existing practice can be a pivotal moment in your professional career, offering you the opportunity to build upon an established foundation. However, before you put your name on a contract’s dotted line, it’s critical to carry out due diligence and ensure you’re fully informed about the practice you’re about to acquire. Our top questions to ask an owner before buying their business can help uncover the details that matter most and secure your chance of long-term success.

Business valuation calculators have become popular tools for business owners planning to sell their practices. However, while these online platforms promise simplicity, they have certain limitations that you should be aware of.

The decision to expand your accounting or physical therapy business into multiple practices can offer you substantial opportunities, including increasing your client base and profits. However, it’s not something you should undertake without serious consideration. The choice requires in-depth analysis and meticulous planning. Whether you’re looking to expand your organization’s footprint or enhance the services you provide, read on to learn when it is a good idea to buy multiple practices.

When the owner of an accounting or physical therapy practice decides to sell their business, they may consider doing it themselves, without the assistance of a broker. Although this approach might help you avoid paying an expert’s fees, it carries immense risks.

Pricing is one of the most critical elements of a successful practice. Your rates represent the value of your expertise and services. Pricing can also determine whether your practice thrives or struggles in a competitive market.

You may decide to keep a percentage of ownership in your private practice after selling it. Additionally, your buyer may decide to seek a loan from the Small Business Administration (SBA). However, the SBA recently revised its SOP 50 10 8 rules regarding rollover equity, which impacts buyers, sellers, and investors alike.