What Draper Hinks does to help sellers.
Pre-sale valuation of your practice
You will be given an idea of what you could expect from the sale of your practice. Time scale will also be discussed so that you can start to make plans for what to do after you have sold your fees.
Different ways you can be paid
You will get a range of how you could be paid for your fees. This will be helpful because it will aid you when planning for the future ie synchronising with pensions etc. It puts you in a position of knowledge and control of your financial future.
When to go to market
There are good and not so good times in the year to put your practice on the market. You will be given advice as to the consequences of putting your practice on the market at the different times of year.
Where to look for buyers
Advice will be given as to who may be interested in buying your fees. You will have a better understanding of the chance of a buyer being found. This can be invaluable if you are coming to the end of a tenancy agreement and you need to give notice to the landlord.
Meeting your criteria for selling
We will ensure that all criteria set by you are met by the buyer ie a buyer has to be audit registered, the buyer has to take on the office, the buyer has to be qualified etc. This will eliminate time wasters.
Arranging a day for you to meet interested buyers
We ask you to set aside a day in your diary to meet all potential purchasers on a one to one basis and in complete confidence. A meeting day is good for you because it speeds up the process of selling, allows you to compare buyers instantly and you can decide very early on if you would not like to take things further with any party.
Vetting all offers
All offers are sent to us before being forwarded to you. This is to make sure that everything that needs to be covered in the offer is covered. It frees up your time by making sure you are only dealing with serious buyers.
We can be your sounding board. You have access to our experience and can ask if the offer is reasonable. If you have never sold before we are a valuable resource and can be the liaison between buyer and seller to help you get the best offer possible. If you are unhappy with an item in the offer we can go back to the buyer and negotiate a better deal for you.
Acceptance of the offer
We will let the buyer know that you have accepted their offer. If there are other offers on the table we will let those other buyers know that they have not been successful. This frees up your time and means you are not faced with dealing with a potentially difficult situation.
We keep an eye on proceedings from offer through to completion. We can help with what to cover in due diligence and can recommend a very good solicitor who is a specialist in the field of buying and selling accountancy practices.
All communication between seller and buyer is through us. This means that you will not get buyers contacting you when you have a business to run. Most vendors are very concerned about confidentiality and do not want, under any circumstances, to be contacted by buyers direct. We are the conduit and will make sure no buyer contacts you without your express permission.
Your very pleasant, excellent service and support has enabled us to progress very satisfactorily in the transfer of our clients. We appreciate all the personal time that you put into finding the right person for us, for which we are truly grateful.Maureen and David Wheeler, Milton Keynes - Seller