The accounting and tax practice sales market appears to have been in a time warp leaving practitioners with very few options when it comes to marketing the sale of their business.
Chicago, IL (PRWEB) June 28, 2012
The Accounting Practice Exchange has launched a new website that is set to transform the accounting, CPA and tax practice sales market – making it easier & cheaper for those selling a business.
Daniel Crowley, founder and CEO of the Accounting Practice Exchange http://accountingpracticeexchange.com noticed a gap in the market for a specific website aimed at the sale of accounting, CPA and tax practice firms in the US.
Daniel explains, “I am not reinventing wheel – just launching a specialized service. Classified advertising websites focusing on the sale of businesses have proved to be a powerful sales tool in the mainstream market, but certain sectors have nuances unique to them and general listing sites just don’t work.
"The accounting, CPA and tax practice arena is one such sector that we are going to shake up by offering an industry specific website."
The Accounting Practice Exchange is a meeting place for buyers and sellers of accounting, CPA and tax practices. Those with a practice for sale (the ‘For Sale by Owner’ Market) can advertise and connect with potential buyers at a national level without employing a third party business broker.
If you are looking to buy a firm, the ‘Buy Side' offers those interested in purchasing a practice the opportunity to search for the latest opportunities in the marketplace.
Using a specialist broker is the norm in the sale of businesses in this industry and with brokerage fees averaging between 10 – 15% of the final sales price, this can have a major impact on the final profit figures if you have a business to sell.
Crowley continues, “The Accounting Practice Exchange offers a very affordable route to market. Advertising rates start from as little as $99 and when you compare this with a 15% brokerage fee on the sale of a price for $250,000, you are looking at a fee of $37.5k. That’s one big difference that could really affect the sale of your business.”
Couple this with the fact that potential buyers had previously had to trawl through the various local and trade press, the Accounting Practice Exchange will quickly become the definitive site for buyers & sellers - it ticks two boxes that the traditional market doesn’t address.
“The accounting practice sales market appears to have been in a time warp leaving practitioners with very few options when it comes to marketing the sale of their accounting, CPA or tax practice. Traditional marketing efforts within the sector are typically disjointed making it difficult for sellers to connect with buyers.
"The Accounting Practice Exchange addresses these issues, and will transform the way these businesses are sold in the United States, benefiting not only sellers and buyers, but also the specialist business brokers that operate in this niche sector.”