Draper Hinks Newsletter Issue 2 2019 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 270 deals. We are very active in the market place for buying and selling accountancy practices. I work with all the sellers, so if you are looking to sell in the …
April 2019 Newsletter
Draper Hinks Newsletter April 2019 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 270 deals. We are very active in the market place for buying and selling accountancy practices. I work with all the sellers, so if you are looking to sell in the near …
What is a “Prep” call and why it is important
One of our USP’s at Draper Hinks is that we talk to vendors before they meet with a potential buyer via a “prep” call. Most vendors have not sold before. A very few have sold a practice in the past, got bored, started again, built up another practice and then sold for the second time. Other vendors may have sold …
Please don’t do this when you are selling your accountancy practice
Last year we were contacted by a vendor looking to retire and sell his accountancy practice. He was aged 72 and had been working with his clients for longer than he cared to remember. Some of his clients had been with him for over 35 years and in some instances, their business had been passed down the generations. It was …
Potential Seller Newsletter February 2019
Draper Hinks Newsletter Issue 1 2019 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 260 deals. We are very active in the market place for buying and selling accountancy practices. I work with all the sellers, so if you are looking to sell in the …
February 2019 Newsletter
Draper Hinks Newsletter February 2019 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 260 deals. We are very active in the market place for buying and selling accountancy practices. I work with all the sellers, so if you are looking to sell in the near …
Some top tips from a vendor to other vendors
In 2018 we sold a practice in the North West and the vendor was asked what tips he would give to another vendor in the same situation. These are the tips he came up with:- 1 Make sure that there is sufficient resource in place to handle the extra work involved. a. Storage space b. Staff capacity c. Equipment , …
December 2018 Newsletter
Draper Hinks Newsletter December 2018 Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We deal only with the buying and selling of accountancy fees and since inception, we have completed 259 deals. We are very active in the market place. We like to get to know our vendors and purchasers. I deal with all …
A round up of the year – 2018
As most of our readers know, we only deal with accountants in practice. We are business brokers for accountants that want to sell fees and for accountants that want to buy fees. Most vendors want to sell their whole practice but we have had a number this year that want to sell only a tranche of fees. To date we …
A sad story about one of our vendors
We were contacted by a vendor three years ago to discuss the possibility of selling his practice with fees in the region of £160,000. Due to mitigating circumstances, we decided it was best to meet up face to face to discuss his particular situation, so a convenient time and place was agreed. I drove to the meeting and he drove …