Build, Buy (or Sell)?
It’s a seller’s market for CPA firms.
by John Ezell, CPA
Buying or selling a CPA practice is dramatically different today from 20 years ago, and it’s a seller’s market. In the ’80s an exiting owner was likely to sell to an interested younger CPA for a small percentage of fees over a five- or 10-year period. The current market is a lot more varied: Public companies and large firms swallow up small ones, independent firms merge to get big, and young professionals buy their first practices more often than build them. At the moment, that adds up to more potential buyers than owners interesting in selling.
Continue to the full article at the AICPA Journal of Accountancy…
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