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 …
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 …
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 …
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 …
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 …
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 …
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 …
For those of you that do not know, Draper Hinks only works with accountants that are in practice. We facilitate the buying and selling of accountancy practices. We cover the whole of England and are more than happy to talk to any sellers and buyers that want to use our services. We have been going for just under 20 years …
It can often take a long time to decide to sell your practice. If you are coming up to the point where you want to retire, then you have probably been thinking about it for a long time and have been mentally preparing yourself for the day you are no longer being driven by deadlines. However, if you suddenly become …
This is a case study from a practice we sold recently Fees sold £ 154,000 Where Oxfordshire Qualified FCA & QBE Age 66 & 68 Time scale 4 months Type of Practice Husband and Wife practice Payment Three tranches How paid 40% 30% 30% Multiple 1.1 x fees When paid Comp, 12 mths and 24 mths Offers 3 …