FREQUENTLY ASKED QUESTIONS
Whether you're looking to buy or sell an accounting practice, you likely have questions about how the process works and what makes Countinuity your best choice. Below, we've compiled some of the most frequently asked questions to help guide you through our specialized services.
Got Questions?
General Questions
A: The timeline can vary based on several factors, including market conditions, practice specifics, and readiness of both parties. Generally, the process can take anywhere from a few months to a year.
A: Confidentiality is a core tenet of our service. We ensure that all discussions, documents, and negotiations are handled with the utmost discretion and confidentiality agreements are in place where necessary.
A: Yes, we offer post-sale support to both buyers and sellers. For sellers, this might include transition assistance to the new owner. For buyers, it could involve ongoing consultancy to ensure a seamless integration and continuity of the practice.
A: We recognize the unique value of specialized practices. Our approach involves identifying buyers who not only have the financial means but also the relevant expertise or interest in maintaining and growing these niche areas.
A: Currently Countinuity is focused on Canadian and U.S. markets.
For Sellers
A: Unlike traditional brokers, we specialize exclusively in accounting practice transitions, combining our deep industry knowledge with a personalized approach. Our expertise lies in creating tailored solutions that not only maximize the value of your practice but also ensure a smooth transition for your clients.
A: Our valuation process is comprehensive, considering various factors like client base quality, revenue streams, practice location, and operational efficiency. We use industry-specific metrics and our extensive market knowledge to ensure you receive a fair and realistic valuation of your practice.
For Buyers
A: Ideal candidates are certified accountants or firms with the financial capacity and managerial expertise to run a practice. We assess each buyer’s qualifications, including financial stability, professional experience, and long-term business goals.
A: We conduct a thorough assessment of your professional objectives, financial capabilities, and preferred practice characteristics. Based on this, we provide a curated selection of practices that align with your criteria, facilitating a match that promises mutual growth and success.
A: From initial consultation to final acquisition, we offer end-to-end support. This includes assistance in due diligence, negotiations, financing options, and transition planning to ensure a smooth handover and integration of the new practice.