Potential Seller Newsletter #2 2022

Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper.  I run Draper Hinks and have done so since 2004.   We sell only accountancy fees and I am excited to announce that, since inception, we have completed over 350 deals.

Draper Hinks is very proud of its track record and reputation.  Please feel free to contact me anytime at n.draper@draperhinks.co.uk with any questions.

 

Three reasons to use us to sell your fees

No 1 – We have hundreds of buyers registered with us who want to acquire fees.  They have

funds ready and want to buy.

No 2 – We work with you through the whole process, holding your hand every step of the way.

We do not just introduce a buyer and leave you, we help guide and coach you all the

way through.

No 3 –  We work from recommendation and word of mouth.  This only happens when vendors

are happy with what we have done.

Give us your practice to sell and see how we outshine our competitors.

This is a case study from a practice we sold in 2021:-
Fees sold £200,000 Where Cambridgeshire
Qualified QBE Age 64
Time scale 5 months Type of Practice Sole Practitioner
Payment 3 tranches How paid 50%, 25%, 25%
Multiple 1.1 x fees When paid Comp, 12 months, 24 months
Offers 3 offers Office & staff Office and staff retained
Results Vendor bought run down 8 bed house to modernise and live in.

 

 

Are you a seller in one of these areas? 

This is only small sample of some of the buyers registered with us, we have many more that are keen to buy.  These buyers have specifically asked us to find a seller for them in your area and are keen to proceed.  If you are interested in finding out more, then please contact me, Nicola Draper, at n.draper@draperhinks.co.uk quoting the reference.

Ref Where Amount
P2/W1/DHB/4 Buckinghamshire Up to £650k
P2/W1/DHB/5 Worcestershire Up to £500k
P2/W1/DHB/6 West Midlands Up to £300k

 

 

Here are two testimonials from previous vendors:-
Testimonial 1

I chose to deal with Draper Hinks because I found them more approachable than other agents I have dealt with in the past.  From the beginning they were very helpful and took me through the process step by step.  I would be happy to recommend Draper Hinks to anyone thinking of selling. I am looking forward to having less to worry about and being able to do as I choose.

Vendor – Richard Aldridge   FCA                West Midlands   

Testimonial 2

I heard about Draper Hinks from an email sent to me with their Newsletter.  I have always found them to be courteous, efficient and prompt.  My first impression was that they were friendly and professional.  Their process is straight forward and user-friendly.  The benefit of working with Draper Hinks is that they are responsive and effective in progressing matters.  I am now looking forward to having time to pursue my hobbies and interests.

Vendor – John Turner   FCA                         Berkshire                                            

 

Income Multiples Paid in the last 12 months

2021 Quarter Average income multiple paid Lowest income multiple paid Highest income multiple paid Lowest income multiple offered Highest income multiple offered
Quarter 2 Apr – Jun 1.1 0.85 1.1 0.7 1.25
Quarter 3 Jul – Sep 0.995 0.6 (1 pmt) 1.25 0.5 (1 pmt) 1.25
Quarter 4 Oct – Dec 0.9475 0.8 1.25 0.8 1.25
2022
Quarter 1 Jan – Mar 0.76 0.6 1.0 0.5 (1pmt) * 1.50

NB None of the above figures are to be reproduced in any way without express permission from Nicola Draper.  *  1.50 x fees was offered but rejected because the fit was not good between buyer and seller.

Please check out our website www.draperhinks.com where you can:-

  • Download our Guide to Selling and Buying Fees by registering for our eBook.
  • View lots of video testimonials.
  • Read our monthly Blogs that give regular market commentary.

Next step

If you are thinking about selling, then contact Nicola Draper at n.draper@draperhinks.co.uk or call her on 01788 816440.  Everything discussed will be totally confidential.