Nicola Draper founder Draper Hinks Draper Hinks prides itself for being one of the top brokers in the country for facilitating the buying and selling of accountancy practices. Last month Nicola celebrated her 20th Anniversary of running Draper Hinks on her own. In that time, she has built up a fabulous reputation in the industry for giving good sound …
May Newsletter 2024
Nicola Draper founder Draper Hinks Draper Hinks prides itself for being one of the top brokers in the country for facilitating the buying and selling of accountancy practices. Last month Nicola celebrated her 20th Anniversary of running Draper Hinks on her own. In that time, she has built up a fabulous reputation in the industry for giving good sound advice …
Vendor Story £250,000 London
Details of a deal done in 2023 Fees sold £250,000 Where London Qualified ACA, CTA Age 55 Time scale 4 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1.25 x fees When paid Comp, 12 months & 24 months Offers 3 offers Office & staff No office, subcontractor not needed Results Vendor …
Why it is always better to sell your practice before you retire and not just shut the door
I am going to talk about two different scenarios here. First scenario is where we had a vendor contact us who said he didn’t think his practice was worth anything and after the tax returns had all been done by the end of January this year i.e. Feb 2024, he was going to contact all of his clients and let …