When buying a CPA firm, many people turn to lending programs backed by the Small Business Administration (SBA). When compared to many conventional lending programs, SBA-backed loans offer flexibility, longer terms, and potentially lower down payments. Many buyers of CPA practices can take advantage of the SBA’s most popular loan program, the SBA 7(a). Preferred […]
By the time you’re ready to meet face-to-face with a prospective buyer for your CPA practice, you’ve narrowed down a large field of candidates. Now you have a small number or possibly even just one candidate that seems to have what it takes: appropriate educational and professional qualifications, strong communication skills, and the financial means […]
Attorneys are a crucial part of selling your CPA firm. But their helpfulness can vary over a wide spectrum, from creating countless roadblocks and obstacles to smoothly facilitating a transaction. A skilled M&A attorney is indispensable in putting together the contracts and agreements in a way that protects the interests of both the buyer and […]
Many CPAs offer financial planning and investment services. CPAs often enter this business segment as a result of client requests, personal interest in the field, and the desire for an additional year-round revenue stream. Estate and retirement planning, investments, budgeting and cash flow management all require specialized knowledge and certifications. It can take many years […]
Buying an office building can be a terrific investment and provide many financial advantages. But if you operate your CPA practice in a building you own, and you decide to sell your firm, real estate ownership introduces additional issues into the selling process. Here are a few things to keep in mind if you find […]
Not all business brokers are equally equipped. A general business brokerage works in many different industries and sells virtually any type of business. Generalist brokers tend to have a shallow understanding of many businesses and types of buyers, allowing them to quickly shift gears for each client. Specialist business brokers have deep knowledge of a […]
A successful transition requires a profitable CPA firm and a deal that satisfies the needs of both the seller and the buyer. That’s all you need for a successful ownership transition. Right? Wrong. In order to keep the firm profitable after the sale of a CPA practice, you must gently shepherd your CPA practice’s staff […]
You’ve spent decades of your life building your successful CPA practice and forming close, trusting relationships with your clients. Now it’s time to sell your CPA practice and start a new chapter in your life. But selling seldom means cutting all ties. Sellers are usually involved after the sale, at least to some degree. One […]
At Accounting Broker Acquisition Group, we encourage deals that result in high multiples of billings and significant cash at closing for the seller. For most firms, we can achieve a very high sales price with significant cash at closing, which is obviously much better for the seller than having to carry a very large portion […]
After many years of investing your blood, sweat and tears into building a thriving and highly profitable CPA practice, you’re thinking about selling. You realize that a business broker can help maximize value when you sell your firm. Smart move. But how do you know which broker to choose for the sale of your CPA […]