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Post Info TOPIC: Valuing a bookkeeping business


Newbie

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Valuing a bookkeeping business


Hello everyone.

Unlike most users of this forum I'm nearing the end of my bookkeeping career. I've built up a small bookkeeping practice over the past 20 years and I'm now starting to ponder life after vat returns and p35's! I know accountancy practices are bought and sold quite often, so I'd like to know if my little bookkeeping business is worth anything? If so is there a way I can calculate a value for it?

Thanking you in advance for any advice.

Demi


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Moderator

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Hi Demi

The market for feebanks (your bookkeeping clients) is currently very good. The amount you can expect to sell your feebank for is dependent on the make-up of your business, and where in the country you are based. The selling price you may achieve will probably be between 1 and 1.2 times your annual turnover. 

To get a feel for current bookkeeping businesses for sale try looking at  www.businessesforsale.com or www.accountingweb.co.uk/opportunities.

All the best,

Guy


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Newbie

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Date:

Thank you.

Demi



-- Edited by Demi at 22:35, 2007-11-08

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