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, …
Questions clients will ask post sale
If you are thinking of selling your accountancy practice or are thinking of buying an accountancy practice, here are some of the most asked questions by clients post sale. You will need to know the answers to ALL of them:- These are actual questions that clients have asked post completion. You will need the answers. Remember when an accountancy practice …
Potential Seller Newsletter May 2024
Nicola Draper founder Draper Hinks Draper Hinks prides itself for being one of the top brokers in the country for facilitating the buying and selling of accountancy practices. Last month Nicola celebrated her 20th Anniversary of running Draper Hinks on her own. In that time, she has built up a fabulous reputation in the industry for giving good sound …
May Newsletter 2024
Nicola Draper founder Draper Hinks Draper Hinks prides itself for being one of the top brokers in the country for facilitating the buying and selling of accountancy practices. Last month Nicola celebrated her 20th Anniversary of running Draper Hinks on her own. In that time, she has built up a fabulous reputation in the industry for giving good sound advice …
Vendor Story £250,000 London
Details of a deal done in 2023 Fees sold £250,000 Where London Qualified ACA, CTA Age 55 Time scale 4 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1.25 x fees When paid Comp, 12 months & 24 months Offers 3 offers Office & staff No office, subcontractor not needed Results Vendor …
Why it is always better to sell your practice before you retire and not just shut the door
I am going to talk about two different scenarios here. First scenario is where we had a vendor contact us who said he didn’t think his practice was worth anything and after the tax returns had all been done by the end of January this year i.e. Feb 2024, he was going to contact all of his clients and let …
April Newsletter 2024
Invitation to everyone! This month Nicola is celebrating her 20th Anniversary of running Draper Hinks on her own. Chris Hinks, her business partner, retired 20 years ago. You are invited to join us for a cup of coffee and a slice of cake to celebrate with us on Monday, 15th April between 10.30 am and 12.30 pm. RSVP by 12th …
Potential Seller Newsletter April 2024
Invitation to everyone! This month Nicola is celebrating her 20th Anniversary of running Draper Hinks on her own. Chris Hinks, her business partner, retired 20 years ago. You are invited to join us for a cup of coffee and a slice of cake to celebrate with us on Monday, 15th April between 10.30 am and 12.30 pm. RSVP by 12th …
Vendor Story £117,900 Northumberland
Details of a deal done in 2023 Fees sold £117,900 Where Northumberland Qualified FCA Age 68 Time scale 12 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1 x fees When paid Comp, 12 months a& 24 months Offers 3 offers Office & staff Office and staff retained by buyer Results Vendor …