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Advice on Buying a Practice

  • 28-04-2008 1:34pm
    #1
    Chevy RV
    Registered Users, Registered Users 2 Posts: 467 ✭✭


    Hello There Everybody,


    I am hoping to purchase a small - medium sized accounting practice in the Munster area over the next few months or when a suitable one arises.

    Do anybody out there have experience of buying / selling a practice / block of fees and if so what advice would they have to offer on the subject.

    What might be a good way of sourcing possible targets in this area ?


    Thank for any advice or suggestions.


    Regards,



    Chevy RV


Comments

  • #2
    kluivert
    Registered Users, Registered Users 2 Posts: 2,399 ✭✭✭kluivert


    Get an independent due diligence report done.

    Review client base and fees.

    Would you consider setting up a practice of your own.


  • #3
    Chevy RV
    Registered Users, Registered Users 2 Posts: 467 ✭✭Chevy RV


    kluivert wrote: »
    Get an independent due diligence report done.

    Review client base and fees.

    Would you consider setting up a practice of your own.


    I would consider setting up on my own but I really think that in order to achieve critical mass any way fast that you need to buy a block of fees or a practice.


    Regards,


    Chevy RV


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