There are many reasons.
It could be the produce of constant regulatory and legal changes. Or the feeling of being sub-servient to new technology which on the one hand may improve processes but on the other exert pressure on your margins as clients become more accustomed and attached to a software brand and automation of compliance work. Stress, long hours, years of doing the same type of work for the same clients can take its toll. Ill health or wanting to spend more time with the family could be just as pivotal.
Whatever the situation or circumstance the key to a good clean profitable exit is in the planning. And doing so many months in advance. A rushed sale can lead to problems post sale leaving both parties frustrated if clawback is invoked. You should explore all avenues to improve the overall appeal of the accountancy practice.
Hornblower has a range of pre-sale strategies to help maximise your situation. We can unlock the bottlenecks that might be posing a strain on margins and efficiencies. As no two deals are ever the same, the approach of your accountany firm broker should be tailored around your specific needs and requirements. Ultimately, the sale should realise the optimum value for your accountancy firm, and this is what we do.