A typical engagement runs for around 12 months. Preparing the information memorandum takes six to eight weeks, and the rest depends on the buyers, the negotiation and due diligence.
We set out our fees in a written proposal once we understand your practice and your objectives.
No. We act only for vendors. We spend time getting to know buyers to assess whether they are genuine and suitable for you.
A formal valuation for legal or tax purposes is a separate service and is provided through practicevaluation.com.
No. Buyers do not meet or contact your clients before completion. Introductions to your clients are led by you and take place after completion.
There is no single rule. Some owners tell their team early, and others wait until the contract is signed. We plan the timing with you.
Yes, we work with owners who are planning ahead as well as those ready to move now. Early succession planning can help you prepare the practice and position it well for a future sale.
We support accounting and law practice owners across Australia with vendor-side succession, practice sales and mergers. Our role is to help guide the process from preparation through to handover with independent advice.
Practice Succession focuses specifically on accounting and law practices, with exclusive and independent advice for sellers. That means the process is tailored to the realities of professional practice succession rather than a one-size-fits-all sale.
