FAQ

Struggling to Buy or Sell Your Practice? We’ve Got You Covered!

Navigating the complexities of buying or selling an accounting practice can feel overwhelming. Here’s how ABS solves your biggest challenges:

Finding the Right Buyer or Seller

Access our network of 140,000+ qualified buyers and sellers nationwide.

Determining Your Practice’s Value

Get a free, thorough valuation to know your business’s worth and its true potential.

Handling Complex Transactions

Work with our expert brokers to ensure a smooth, successful deal.

Comprehensive Practice Sale Guide

It helps, and guides you to answer questions related to selling practices.

Transforming Practice Transitions into Success Stories

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Frequently Ask Questions

Is Financing Available?

Yes, we offer financing options through various lending partners to assist buyers in acquiring practices.

Is a down payment required?

Yes, most financing options require a down payment, usually ranging from 10% to 20%.

What if the practice does not qualify for outside financing?

If the practice doesn’t qualify for outside financing, we can explore seller financing or other alternative options.

What are the major risks associated with purchasing a practice?

Key risks include client retention, practice performance post-purchase, and financial integration.

Who bears the risk of client retention?

Typically, the buyer bears the risk of client retention, though we assist in a smooth transition.

How long does it take to obtain financing?

Financing can take anywhere from 30 to 60 days, depending on the lender and practice details.

Why use Accounting Biz Sales?

We offer a vast network, industry expertise, and a track record of successful practice sales across the nation.

How did you become the largest broker in the nation?

Through years of experience, strong industry connections, and a proven system for selling accounting practices.

How do you find buyers? Where do you market my practice?

We utilize our extensive network, online platforms, and targeted marketing to attract qualified buyers.

How do you plan to market my practice while maintaining confidentiality?

We use confidential marketing strategies, limiting details to qualified buyers under NDA agreements.

I plan to sell it to my employees. How can you help?

We can facilitate the sale by helping structure the deal and providing financing options for your employees.

How can I make sure that my clients and employees will be taken care of?

We help ensure a smooth transition by offering guidance and support throughout the process.

How long does it typically take to find a buyer and close?

On average, it takes 6 to 12 months, depending on your practice's specifics and market conditions.

Will the buyer take over my existing lease space or buy my building?

The buyer can either take over the lease or purchase the building, depending on the agreement terms.

How long does a seller typically stick around to help the buyer?

Sellers usually stay for a transition period of 3 to 12 months to assist with client retention and smooth operations.

Take the Next Step with Accounting Biz Sales

At Accounting Biz Sales, we make buying or selling accounting and tax practices simple, efficient, and rewarding.