July Newsletter 2024

Nicola Draper founder Draper Hinks  Looking to grow your accountancy practice?  You have two options, either grow organically or buy some fees.  Buying accountancy fees can entail buying a whole practice or buying a tranche of fees.   We understand that buying fees can be the quickest way to build your practice but there are stages involved.  If you have significant …

Potential Seller Newsletter May 2024

Nicola Draper founder Draper Hinks We facilitate the buying and selling of accountancy practices.  We love what we do and we are good at it.  Our vendors tell us they would be more than happy to recommend us to anyone thinking of selling.   We have brokered many hundreds of deals and would welcome the opportunity to work with you …

Vendor Story £50,000 Birmingham

Details of a deal done in 2023  First tranche of fees  Fees sold £50,000 Where Birmingham Qualified FCCA Age 39 Time scale 2 months Type of Practice 3 Partner firm Payment 3 tranches How paid 30%  30%  30% Multiple 0.9 x fees When paid Completion, 12 months and 24 months Offers 2 offers Office & staff Fees unencumbered by staff …

Vendor Story Q2

This is a case study from a practice we sold recently   Fees sold £ 76,000 Where Hampshire Qualified MAAT Age 72 Time scale 4 months Type of Practice Sole Practitioner Payment Three tranches How paid 50%, 25% & 25% Multiple 1.1 x fees When paid Comp, 12 mths and 24 mths Offers 3 offers Office & staff No office, …