Updated: How Much Is Your Florida Accounting Business Worth?

How Much Is Your Florida Accounting Business Worth?

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

Is It Time to Sell Your Business?

Is It Time to Sell Your Business?:

If the business is still growing profitably, maybe it’s time to sell. The key indicator is to look at is your passion. Does the flame still burn inside? If your passion is lost, and you no longer like working at the company, it’s time to sell. The second step is to ask “What will I do the day after the business is sold?" The answer will determine readiness as well.

This is good article that helps a business owner think through the decision and timing to the question - Is It Time to Sell?

Is It Time to Sell Your Business? : Managing :: American Express OPEN Forum

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