First, a note from our President and Founder:

"Summer is coming to an end and school is now in session for many. Let’s all take a breath of relief that we can finally take a break from giving our kids (or grandkids) their thousandth snack of the day. Having the kids home for the summer is wonderful but hard when you’re also juggling the busy life of a business owner. Did this summer have you considering closing shop to spend more time with family and friends? If so, it may be the time to pass on your legacy to the next owner. If you’re ready to take the next step but aren’t sure where to start, reach out to us at Private Practice Transitions. We’ve brokered hundreds of deals for those selling an accounting firm, and many other businesses and have a 100% success rate. Our expert team will work closely with you to understand your goals and make the transition as smooth and profitable as possible." 

- Justin Farmer, Esq., CBI

President & Founder of Private Practice Transitions

RECENTLY CLOSED DEALS:

King & Oliason Joins Eide Bailly

We are so excited to have had the opportunity to facilitate the introduction between these two great companies. We wish them the best in this exciting partnership. 

FEATURED BLOG:

Preparing Your Employees for the Sale of Your Business

For many owners, one of the hardest parts of selling a business is informing their staff of the sale and impending transition. If you’re considering selling your business or need to prepare your employees for the sale of your business, we’ve got some helpful tips to make the transition easier. Check out one of our newest blogs, Preparing Your Employees for the Sale of Your Business.

Listing 1227

For over 19 years, this Washington Practice has offered a wide range of tax and accounting services to both business and individual clients. The Practice’s service by revenue breakdown is 49% Tax Returns, 35% Bookkeeping and 16% Payroll Services. Including the Owners, the Practice has six (6) staff members serving its ~780 active clients. In 2022, the Practice brought in over $763k in tax and accounting gross receipts, a YoY increase of 19.4%! Additionally, the Practice, in the trailing twelve months, brought in gross receipts of over $800k, a 4.9% increase over 2022 during the same time period. Projections for 2023 year-end show revenues up another ~10% YoY. The Owners are willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon time to ensure the new owner’s return on investment is realized.

Listing 1229

Over the past 35+ years, this King County Practice has offered a wide range of tax and accounting services to both business and individual clients. The Practice’s service by revenue breakdown is 50.5% Tax Return Preparation, 29.1% Bookkeeping, 9.5% Payroll Services, 7.3% Review & Consulting, and 3.6% Other Fees and Services. In 2022, the Practice brought in over $2.6M in gross receipts, and through June 2023 the TTM revenues are up to $2.77M, an increase of 6.5% compared to year-end 2022. As of July 2023, the Practice has approximately 2,625 active clients and a total of 3,286 clients in their database. The Practice has twenty-one (21) staff members including the Owners who are willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period.

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