Invitation to everyone!
This month Nicola is celebrating her 20th Anniversary of running Draper Hinks on her own. Chris Hinks, her business partner, retired 20 years ago.
You are invited to join us for a cup of coffee and a slice of cake to celebrate with us on Monday, 15th April between 10.30 am and 12.30 pm. RSVP by 12th April, to n.draper@draperhinks.co.uk. Address at end of this Newsletter.
It would be lovely to see you.
Nicola Draper
Founder at Draper Hinks
How can we help you to find a buyer for your practice?
Before we start the search for you, we take the time to understand how you run your accountancy practice. We have a questionnaire that you need to complete. This will let us know about the systems you use, the size of your practice, if you have staff etc etc. But we also want to know what potential there is for a buyer to grow your practice. What would you do if you had the time and energy to build your firm now? Buyers are excited about potential growth. We will ask you the right questions to find the right buyer. You can call Nicola on 01788 816440 or email her at n.draper@draperhinks.co.uk or perhaps you would prefer to book a chat using https://calendly.com/draper-hinks/q_a.
Sometimes it takes longer than you think to sell a practice, through no fault of your own.
Read our latest Vendor’s Story
Income Multiples Paid in the last 12 months
| 2023 | Quarter | Average income multiple paid | Lowest income multiple paid | Highest income multiple paid | Lowest income multiple offered | Highest income multiple offered |
| Quarter 1 | Jan – Mar | 1.16 | 0.90 | 1.48 | 0.75 | 1.48 |
| Quarter 2 | Apr – Jun | 0.98 | 0.90 | 1.05 | 0.80 | 1.40 |
| Quarter 3 | Jul – Sept | 1.107 | 1.00 | 1.30 | 1.00 | 1.30 |
| Quarter 4 | Oct – Dec | 0.918 | 0.35* | 1.10 | 0.35 | 1.10 |
*This deal completed in less than a week due to the terminal illness of the vendor.
NB None of the above figures are to be reproduced in any way without express permission from Nicola Draper.
Your Guide to Selling
We have been helping accountants sell and buy practices for more than 20 years, and during that time we’ve learnt so much. We have collated all of our knowledge and experience into our new eBook, which is the ultimate guide to selling accountancy fees. You can download your copy from our website for free.
Testimonial from a vendor whose practice we sold in 2023:-
I was looking to retire and needed help. I found Draper Hinks online and contacted them. Having spoken with Nicola, I felt confident that Draper Hinks would be able to sell my practice. The process was easy and the team were extremely helpful. They were all very professional.
The process followed was smooth from start to finish. Although the process was easy it was very comprehensive. My main concern was whether the clients would stay with the purchaser. I instantly liked the buyer I sold to. She was a very good fit.
I had a Coaching Call with Nicola before meeting any buyers an she made several points I had not thought of. I don’t think I could have done it on my own. Too many possible pitfalls.
I would certainly recommend Draper Hinks to any future vendor.
Nicola Morgan QBE (Permission given to print her name)
Please check out our website www.draperhinks.com where you can:-
- Download our Draper Hinks Selling Fees eBook.
- Read our monthly Blogs that give regular market commentary.
- Read the vendor’s stories on the website.
Address for coffee and cake: 60 Regent Street, Rugby, Warwickshire CV21 2PS. Tel 01788 816440. 15th April 10.30 am – 12.30 pm.
RSVP by 12th April to n.draper@draperhinks.co.uk.