As we move into the second half of the year, July is a natural time to reflect on the goals you set for your practice and consider what comes next. Whether you are actively preparing for a transition or believe a sale is still several years away, the decisions you make today can have a lasting effect on your practice’s value and your eventual outcome.
Selling a practice is a complex process that requires more than simply finding a buyer. From preparing financials and determining value to maintaining confidentiality, evaluating offers, navigating negotiations, and protecting employees and client relationships, every stage presents important decisions. Having an experienced team by your side can help you anticipate challenges, avoid costly mistakes, and remain focused on running your practice while the transition moves forward.
Our new Case Studies page offers a closer look at actual practice transitions and the strategies our team used to address unique challenges, protect value, and support successful outcomes. These stories demonstrate why thoughtful preparation and expert guidance matter, and how the right strategy can make a meaningful difference.
I invite you to explore our case studies and consider how these lessons may apply to your own goals. When you are ready to discuss your next chapter, our team is here to help you prepare with clarity and confidence.
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
DAD JOKE OF THE WEEK:
I tried organizing a hide-and-seek tournament...
but good players are hard to find.
UPCOMING EVENT:
We’re excited to share that our Founder & President of Private Practice Transitions, Justin Farmer, will be speaking at Bridging the Gap 2026, one of the accounting profession’s premier conferences for firm owners and leaders.
📍 Charlotte, North Carolina 📅 July 28–30, 2026
Justin will be sharing insights on practice transitions, firm value, and preparing for a successful exit. Whether you're actively considering a sale or simply planning for the future, this session will provide practical guidance to help you position your firm for long-term success.
If you're attending Bridging the Gap, be sure to add Justin's session to your agenda and stop by to connect with the Private Practice Transitions team.
With a trusted reputation spanning more than 57 years, this Oregon-based Practice delivers comprehensive tax services to both businesses and individuals. As of July 2026, the Practice proudly serves approximately 880 active clients. The estimated 2025 revenue breakdown was 98% Tax, 1.5% Bookkeeping, and 0.5% Compilations. Over the past three years (2023–2025), the Practice has averaged gross annual revenue of ~$1.2M. The team consists of five (5) dedicated professionals, including the two Owners, who are committed to supporting a smooth transition. They are willing to assist with goodwill transfer, business development, and mentoring for an agreed-upon period. The Practice’s long-term success is built on its established brand, loyal client base, and consistent delivery of trusted services.
If you are interested in our featured listing,please email us and indicate the listing name and number in the subject line, or call us at 253.509.9224.
Buying an accounting firm is about much more than evaluating top-line revenue and client retention stats. The real foundation of your deal is the purchase agreement - it’s the document that determines how the transaction is structured and how both parties will manage risk, payments, and responsibilities long after closing day.
When you clearly understand the language and implications of these terms, you’re far better equipped to protect yourself from surprises and safeguard the value of your investment. In our latest blog, Key Clauses in an Accounting Practice Purchase Agreement, we break down the most important provisions you need to know so you can negotiate confidently, minimize post-closing risk, and set the stage for a smooth transition into ownership.
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