Draper Hinks Newsletter June 2019 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 280 deals. We are very active in the market place for buying and selling accountancy practices. I work with all the sellers, so if you are looking to sell in the near …
Why your practice is like an apple pie
I would like you to think of your accountancy practice as an apple pie. When it comes to selling your accountancy practice, you could sell all of it, half of it or just a small slice of it. Not all vendors want to sell the whole of their practice, some like to downsize and ease their way into retirement. Others …
Don’t leave it too late to sell your practice
We sold a practice this year and it completed on the 3rd of April 2019. The vendor died on the 12th April 2019. The vendor’s wife worked in the practice and went to stay with her sister for a week because she was in shock. The one member of staff was on holiday and was not informed of the death …
Potential Seller Newsletter April 2019
Draper Hinks Newsletter Issue 2 2019 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 270 deals. We are very active in the market place for buying and selling accountancy practices. I work with all the sellers, so if you are looking to sell in the …
April 2019 Newsletter
Draper Hinks Newsletter April 2019 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 270 deals. We are very active in the market place for buying and selling accountancy practices. I work with all the sellers, so if you are looking to sell in the near …
What is a “Prep” call and why it is important
One of our USP’s at Draper Hinks is that we talk to vendors before they meet with a potential buyer via a “prep” call. Most vendors have not sold before. A very few have sold a practice in the past, got bored, started again, built up another practice and then sold for the second time. Other vendors may have sold …
Please don’t do this when you are selling your accountancy practice
Last year we were contacted by a vendor looking to retire and sell his accountancy practice. He was aged 72 and had been working with his clients for longer than he cared to remember. Some of his clients had been with him for over 35 years and in some instances, their business had been passed down the generations. It was …
Potential Seller Newsletter February 2019
Draper Hinks Newsletter Issue 1 2019 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 260 deals. We are very active in the market place for buying and selling accountancy practices. I work with all the sellers, so if you are looking to sell in the …
February 2019 Newsletter
Draper Hinks Newsletter February 2019 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 260 deals. We are very active in the market place for buying and selling accountancy practices. I work with all the sellers, so if you are looking to sell in the near …
Some top tips from a vendor to other vendors
In 2018 we sold a practice in the North West and the vendor was asked what tips he would give to another vendor in the same situation. These are the tips he came up with:- 1 Make sure that there is sufficient resource in place to handle the extra work involved. a. Storage space b. Staff capacity c. Equipment , …
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