Unlike most users of this forum I'm nearing the end of my bookkeeping career. I've built up a small bookkeeping practice over the past 20 years and I'm now starting to ponder life after vat returns and p35's! I know accountancy practices are bought and sold quite often, so I'd like to know if my little bookkeeping business is worth anything? If so is there a way I can calculate a value for it?
The market for feebanks (your bookkeeping clients) is currently very good. The amount you can expect to sell your feebank for is dependent on the make-up of your business, and where in the country you are based. The selling price you may achieve will probably be between 1 and 1.2 times your annual turnover.
