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 …
Vendor Story Q1
This is a case study from a practice we sold in 2023 Fees sold £ 328,500 Where Birmingham Qualified FCA Age 67 Time scale 5 months Type of Practice Sole Practitioner Payment Three tranches How paid 40% 30% 30% Multiple 1 x fees When paid Comp, 12 mths and 24 mths Offers 2 offers Office & staff Office and staff …
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 …