Vendor Story Q2

This is a case study from a practice we sold recently   Fees sold £ 76,000 Where Hampshire Qualified MAAT Age 72 Time scale 4 months Type of Practice Sole Practitioner Payment Three tranches How paid 50%, 25% & 25% Multiple 1.1 x fees When paid Comp, 12 mths and 24 mths Offers 3 offers Office & staff No office, …

Questions clients will ask post sale

If you are thinking of selling your accountancy practice or are thinking of buying an accountancy practice, here are some of the most asked questions by clients post sale.  You will need to know the answers to ALL of them:- These are actual questions that clients have asked post completion. You will need the answers.  Remember when an accountancy practice …

Vendor Story Q1

This is a case study from a practice we sold in 2023 Fees sold £ 328,500 Where Birmingham Qualified FCA Age 67 Time scale 5 months Type of Practice Sole Practitioner  Payment Three tranches How paid 40%  30%  30% Multiple 1 x fees When paid Comp, 12 mths and 24 mths Offers 2 offers Office & staff Office and staff …

Why does it help to use a broker such as Draper Hinks?

The best people to ask are those vendors who have used the services of Draper Hinks.   We would like to share with you some of their answers:- We could not have said it better than our vendors.  Using a broker just makes sense. If you want to have a no obligation chat, in confidence, about your own personal situation then …

Things vendors have done after selling their practice

I bet you are glad another January is out of the way.  I am sure you can understand why we tend to be really busy in February.  We have many accountants contacting us to say they don’t want to have to do another January again.  They have been over-worked, over-stressed and quite frankly, exhausted.  We work with sellers of all …

Round up of 2023

For those of you that do not know, Draper Hinks only works with accountants that are in practice.  We facilitate the buying and selling of accountancy practices.  We cover the whole of England and are more than happy to talk to any sellers and buyers that want to use our services.  We have been going for just under 20 years …

Every deal is different

It can often take a long time to decide to sell your practice.  If you are coming up to the point where you want to retire, then you have probably been thinking about it for a long time and have been mentally preparing yourself for the day you are no longer being driven by deadlines.  However, if you suddenly become …

Case Story Q3

This is a case study from a practice we sold recently   Fees sold £ 154,000 Where Oxfordshire Qualified FCA & QBE Age 66 & 68 Time scale 4 months Type of Practice Husband and Wife practice   Payment Three tranches How paid 40%  30%  30% Multiple 1.1 x fees When paid Comp, 12 mths and 24 mths Offers 3 …

Caveat Venditor – Seller Beware

At Draper Hinks we take great pride in the work we do.  We care about our clients and we go the extra mile to help wherever we can.  We take people at their word and have built up some very good relationships with buyers over the years. Some of our buyers buy from us on a regular basis. They know …