Why does it help to use a broker such as Draper Hinks?

The best people to ask are those vendors who have used the services of Draper Hinks.   We would like to share with you some of their answers:- We could not have said it better than our vendors.  Using a broker just makes sense. If you want to have a no obligation chat, in confidence, about your own personal situation then …

Potential Seller Newsletter February 2024

February 2024 Nicola Draper Founder at Draper Hinks How was your January?  Busy as ever? Do you want to get out of accountancy and enjoy a life away from deadlines and dealing with HMRC? We have brokered well over 400 deals where we have helped vendors leave the stress behind them and start new lives enjoying themselves.  We love what …

February Newsletter 2024

How was your January?  Busy as ever? Have you decided to grow your practice and buy some fees?  Now is a good time to make sure you have registered with us for the start of 2024. We have brokered well over 400 deals so know a little about the process and can give you advice where requested. We are excited …

Vendor’s Story – £150,000 – London

Details of a deal done late in 2023    Fees sold £150,000 Where London Qualified QBE Age 76 Time scale 2 weeks Type of Practice Sole practitioner Payment One off payment How paid No clawback Multiple 0.35 When paid Paid fully on completion Offers 4 offers Office & staff No office, staff did not move to buyer Results Vendor had terminal …

Things vendors have done after selling their practice

I bet you are glad another January is out of the way.  I am sure you can understand why we tend to be really busy in February.  We have many accountants contacting us to say they don’t want to have to do another January again.  They have been over-worked, over-stressed and quite frankly, exhausted.  We work with sellers of all …

Vendor’s Story – £800,000 – Bedfordshire

Fees sold £800,000 Where Bedfordshire Qualified FCA, FCA & FCCA Age 65, 62, 48 Time scale 8 months Type of Practice 3 Partners Payment 3 Tranches How paid A third, a third, a third Multiple 0.9 x fees When paid Completion, 12 months and 24 months Offers 3 offers Office & staff Office shut – staff moved to new office …

Vendor’s Story – £75,000 – Bristol

Fees sold £75,000 Where Bristol Qualified ACA Age 55 Time scale 2 months Type of Practice Sole Practitioner Payment 4 Tranches How paid 10%, 25%, 25% 40% Multiple 1.1 x fees When paid Comp, 3 mths, 6 mths & 18 mths Offers 2 offers Office & staff Office shut – no staff Results Having a new house built post sale …

Vendor’s Story – £325,000 – West Midlands

Fees sold £325,000 Where West Midlands Qualified FCCA Age 51 Time scale 5 months Type of Practice Sole Practitioner Payment 3 Tranches How paid 40%, 30% & 30% Multiple 1 x fees When paid Completion 6 months & 15 months Offers 2 offers Office & staff Both kept on by buyer Results Vendor looking to move to the West Country …

Vendor’s Story – £410,000 – Dorset

Fees sold £410,000 Where Hertfordshire Qualified CIMA Age 65 Time scale 10 months Type of Practice Sole Practitioner Payment Single payment How paid One-off discounted payment Multiple 0.62 x fees When paid Completion Offers 4 offers Office & staff Buyer kept office and staff Results Vendor sold home to move to be near kids We were approached by a potential …

December Newsletter 2023

Nicola Draper founder Draper Hinks  Seasons Greetings.  I’m Nicola Draper.  I run Draper Hinks, a business brokerage facilitating the buying and selling of accountancy practices.  Since inception, we have completed over 412 deals and so people say we have some experience in this field. We are very proud of our track record and our reputation which has been hard earned …