Nicola Draper Founder of Draper Hinks We are getting to that time of year when vendors, looking to sell now, are having to consider a completion date in March or even April next year. If you are looking to buy a practice and complete before then you may find that sellers are not ready to complete that quickly. If …
Potential Seller Newsletter October 2025
Nicola Draper Founder of Draper HInks We are getting to that time of year when vendors, looking to sell now, are having to consider a completion date in March or even April next year. If you want to complete before then you may find you have to accept a reduced multiple. If you are concerned about how that could affect …
Vendor’s Story October
Details of the deal for this vendor’s story Fees sold £107,000 Where Suffolk Qualified ACA Age 68 Time scale 2 months Type of Practice Sole Practitioner Payment Lump sum, earn out How paid Lump sum on comp then 33% paid quarterly from fees received for 3 years Multiple 1 x fees When paid £20k at comp, then per quarter in …
What is the Draper Hinks process when selling a practice?
Anyone thinking of selling their practice would be best advised to get in touch with Draper Hinks as soon as they have decided to take this step. It is important to understand the process that we follow when selling an accountancy practice. The first thing we offer is a free, confidential discussion about your own situation. Everyone’s circumstances are very …