Nicola Draper Founder Draper Hinks Did you know there are good and bad times in the year to sell an accountancy practice?Now is the best time to start the process of finding a buyer for your fees. We are busy with buyers telling us they are ready to grow and are keen to acquire. Tell us if you want the …
Vendor Story £257,000 Leicestershire
Details of the deal for this vendor’s story Fees sold £257,000 Where Leicestershire Qualified ATT FMAAT Age 72 & 64 Time scale 9 months Type of Practice Husband and wife partnership Payment 3 tranches How paid 60%, 30% & 10% Multiple 1 x fees When paid Comp, 12 months a& 24 months Offers 4 offers Office & staff Office and …
Vendor’s Story April
Details of a deal done in 2024 Fees sold £150,000 Where Dorset Qualified FCA Age 63 Time scale 4 months Type of Practice Sole Practitioner Payment 1 pmt then earn out How paid 50% & over 2 years Multiple 1 x fees When paid Comp & quarterly Offers 4 offers Office & staff Office closed staff moved to buyer Results …
Warning to all vendors! Please read this.
In 2024 we sold a practice for a Sole Practitioner. She was looking to retire to start a new career away from the accountancy world and was relying on the proceeds of the sale. She knew that her new venture would need to have some capital behind her before she would start to see a return. Having a cash reserve …
Potential Seller Newsletter February 2025
Nicola Draper Founder Draper Hinks Another year finished, how was your January? Do you have the interest, inclination and drive to carry on working to deadlines or are you thinking of changing your lifestyle? We are often very busy at this time of year working with vendors that want to slow down or even stop what they are doing. You …
February Newsletter 2025
Nicola Draper Founder Draper Hinks How was your January? Busy as ever? Have you decided to grow your practice and buy some fees? Now is the busiest time of year for us where vendors want to sell. Make sure you are registered with us. We need to understand what you are looking for so we can put forward only the …
Vendor Story £450,000 West Sussex
Details of the deal for this vendor’s story Fees sold £450,000 Where West Sussex Qualified ACA/FCCA Age 61 Time scale 9 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1 x fees When paid Comp, 12 months & 24 months Offers 3 offers Office & staff Office and staff retained by buyer …
Things people are doing after selling their practice in 2024
We had a very good year in 2024 and managed to complete 40 deals. Many of these deals were whole practices being sold, but there has been a trend for sellers to downsize and sell part of their practice. We are finding these tranches of fees are very popular with buyers because they are easily accommodated into their existing business …