The following deals are currently being advertised for sale or are expected shortly.

PA 2677 PRACTICE FOR SALE BURY ST EDMUNDS £60K H & W team worked from nice premises suitable for bolt on to an existing practice nearby or possible for a new start up practice to that it could be used as the basis for a new mature practitioner wishing to establish gimself.  The practice though having a modest charge out rate has potentially good introducers in the right hands.

There has been a dirth of good sellers emerging in recent months but this is expected to improve within the next 6 months.  We have a list of 250 plus firms who have expressed an interest in the past in selling and we are in regular contact with them.

PA2667 Practice for Sale in North Notts c£137K.  Poor health forces sale of this CA's practice.  Seller is considering one of three options 1) Total sale of whole practice 2) Sale of portfolio of fees c£56K 3) Portfolio and seller's option for balance.  The firm is looking for an existing nearby firm but would also consider a qualified accountant setting up, possibly working from the seller's premises. This practice has now been sold - August 2010

Practice for Sale £750K in the Thames Valley area.  This deal is nearing completion. Our ref PA2659.  From small beginnings in the 1980s, the practice has grown rapidly in recent years towards £750K.  This is a successful, modern, client focussed, approachable firm.  Services cover a standard range but delivered in a unique style.  The owners see potential to drive this soon to £900K.  This practice has been withdrawn for the time being, as although the seller came near to completing on the deal, the final stages were too difficult, partly because of a problem with funding for the buyer.  It is possible that this practice might emerage again as a seller in 2011.

We have potential sellers in the following areas, although these have not yet signed up to a deal and you must check with us to confirm that they are still available. 

North London over £1M,

In East London £300K to £700K and

near the South Coast in the Portsmouth area, about £1M.

We have a firm in London looking for a buy-in partner probably £70K - this is because the practitioner is very good at customer contact but not so good at follow-up nitty gritty work and so seeks a back-room partner who can cope with the work.  This practice appears to have been withdrawn for the time being although it is likely to come up for sale again on his retirement in 3 years time.

We have an outsourcing firm if £1.2M which has a specific niche and is profitable and growing.  This is now growing at a rapid rate and this party would be interested in disussing with any larger firm who lacks an outsourcing operation such as this.  They also have a specialist niche which, in the right hands, could be expaned and profitably.

There is a possibility of a smaller sale in North London - East of about £90K but this is not yet confirmed

Generally speaking, when Jobtel are approached by sellers there may be an initial interest but often the sellers choose to think about it for a while and may come back in a week, a month or a year.  So Jobtel have a list of over 100 firms who have sought our advice over the possibility of selling - these we are unable to describe in detail but you may always enquire if there is anything upcoming in your area.

Despite the current recession Jobtel is finding that prices are still holding up - although its likely that "no-claw-back" deals will not be done in 2009 due to possible fall off in clients.

Jobtel are currently meeting with sellers and discussing sale possibilities with firms in

Peterborough

London 

Leeds

West of London

West Leicester £160K Fees PA 2648. Withdrawn - firm fell into liquidation. 

Leicester South - £125K PA2636  deal completed.

Expected soon -

PA2591  approx £350K  Leeds.  Seller wishes to retire. Still not yet confirmed as a sale, depending on the seller's personal circumstances.

PA2628  approx £70K  West of London.  This sole practitioner is selling most of the good quality clients and retaining a residual low value end. Not yet confirmed as a sale.