We have an agreement with the seller. There are no fees to the buyer should they purchase a practice through Naab Consulting.

Who pays your fee?

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What are the financing terms if I were to buy a CPA, accounting or tax practice?

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How often do accounting practices sell?

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How long will it take to obtain outside bank financing?

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How long does the process of selling a CPA practice take from start to finish?

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I think I want to sell my accounting practice, but am not completely sure. Where do I start?

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Let Us Handle The Sales Process

Q: What are the financing terms if I were to buy a CPA, accounting or tax practice?

We have formed numerous relationships with various outside lenders who are comfortable and familiar with financing of accounting and tax practices. These lenders understand the process and understand the transaction. Rates and terms may vary, but typically, the lenders are able to finance these acquisitions over a 10 year term, with rates hovering around 5%-6% with no prepayment penalty. They can also loan additional funds for working capital and equipment if needed. In order to qualify for these loans, the buyer will need at least a 10% cash injection, have a solid credit history and have experience in public accounting. Lenders will look at other factors as well, but the biggest qualifiers are mentioned above.

Q: How often do accounting practices sell?

We would love to tell you that there will be 20+ firms for sale in your area every year, however this is simply not the case. The larger the market, the more often firms will come up for sale. If you are in a remote setting, the odds of a practice becoming available in your immediate area may only arise every few years. Even in a larger metropolitan area, firms may change hands only a handful of so times or so each year.

Q: How long will it take to obtain outside bank financing?

Typically, our lenders can yield a response within 3 to 5 business days after they have some preliminary information. A bank commitment may take anywhere from 4 to 6 weeks.

Q: How long does the process of selling a CPA practice take from start to finish?

This depends on a variety of factors, but typically we can close a deal in whatever timeframe is desired by the owner. We have sold practices in under 30 days but the typical transaction will be anywhere from 3 months to 12 months. Generally, the larger the practice, the more moving pieces and the longer it takes to sell. If your firm is grossing around $1,000,000 or more you can expect a 6 to 12 month process from start to finish.

Q: I think I want to sell my accounting practice, but am not completely sure. Where do I start?

Whether you have made the decision to sell now or are still considering selling in the imminent future, it is always a good idea to obtain as much information as possible so you can make an informed decision when the time is right. Contact us today at (888) 726-6282 and we will be happy to answer any of your questions and can also give you guidance so that you can make the best decision possible for your practice when the time is right.