A question on the top of every business owner’s mind is, “how much is my business worth?”
With tax season end approaching, I thought this would be a good time to update you on accounting business sales throughout Florida and give you some data regarding sales and pricing. Here are some numbers for you to ponder:
I researched sales of Bookkeeping, Tax Practices, and CPA Firms sold in the last four years by Business Broker of Florida Association members. In order to not skew ratios, I only utilized companies with sales revenue between $90k and $360K.
38 = the number of accounting/CPA/bookkeeping businesses sold in the last four year by the Business Broker of Florida Association members with the revenue range cited above.
$166,297= the average revenue of the 38 sold accounting businesses.
$170,737 = the average sold price of the 38 sold accounting businesses.
$90,476= the average owner benefit generated in each sold accounting business.
0.994 = the revenue multiple (sold price divided by revenue) of the 38 sold accounting businesses.
2.1 = the owner benefit multiple (sold price divided by owner benefit) of the 38 sold accounting businesses.
72% = the average percentage down payment of the 38 sold accounting businesses.
147 = the average number of days on the market of the 38sold accounting businesses.
What does this mean?
In spite of a more conservative and cash strapped buying clientele, they are still selling quickly compared to many other industries. If you have been contemplating selling your accounting or bookkeeping business, now is a great time! Please contact me for a no obligation discussion.
For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call at 888-925-5055 ext.206. Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com Also, visit our Florida Business Exchange website at www.fbxbrokers.com
With tax season end approaching, I thought this would be a good time to update you on accounting business sales throughout Florida and give you some data regarding sales and pricing. Here are some numbers for you to ponder:
I researched sales of Bookkeeping, Tax Practices, and CPA Firms sold in the last four years by Business Broker of Florida Association members. In order to not skew ratios, I only utilized companies with sales revenue between $90k and $360K.
What does this mean?
In spite of a more conservative and cash strapped buying clientele, they are still selling quickly compared to many other industries. If you have been contemplating selling your accounting or bookkeeping business, now is a great time! Please contact me for a no obligation discussion.
For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call at 888-925-5055 ext.206. Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com Also, visit our Florida Business Exchange website at www.fbxbrokers.com
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