What concerns vendors have had when selling their practice

As brokers we work for both parties.  We are not agents working for just one party.  It is important to make this distinction.  We work with both sides to the deal.  For the seller we aim to arrange a number of meetings with different buyers, hoping that will result in a number of offers being put forward.  With regards the …

Vendor Story £97,325 Hampshire

Details of the deal for this vendor’s story, practice sold in 2025 Fees sold £97,325 Where Hampshire Qualified ACA Age 69 Time scale 7 months Type of Practice Sole Practitioner Payment 2 tranches How paid 60% & 40% Multiple 1.25 x fees When paid Completion and 12 months Offers 2 offers Office & staff Office closed, staff retained Results Worked …

Reasons why the vendor chose the buyer they sold to

When we successfully sell a practice we like to ask our vendors for their feedback.  We find that the best people to ask about the service offered by Draper Hinks, is someone who has just used it.  They have current up to date knowledge of what we do, how we do it and why we do it.  So, we like …

Vendor’s Story £70,000 Nottinghamshire

Details of the deal for this vendor’s story practice sold in 2025 Fees sold £70,000 Where Nottinghamshire Qualified ACA Age 62 Time scale 6 months Type of Practice Sole Practitioner Payment 2 tranches How paid 50% & 50% Multiple 1.1 x fees When paid Completion and 12 months Offers 4 offers Office & staff No office and no staff Results …

Just think, you could be doing this, if you sold your practice now!

Q – What are you most looking forward to doing now you have sold your fees? A – I will have time to take a proper holiday and longer weekends to enjoy my family more.  Get out walking more in the hills, not done much of that since 1991!  Lee Noble  ACA Q – What are you most looking forward …

Vendor’s Story £83,265 Norfolk

Details of the deal for this vendor’s story practice sold in 2025 Fees sold £83,265 Where Norfolk Qualified FCA Age 69 Time scale 4 months Type of Practice Sole Practitioner Payment 3 tranches How paid 30%  & 70% Multiple 1.1 x fees When paid Completion and 12 months Offers 3 offers Office & staff Office closed, staff transferred Results Worked …

Round up of 2025

We have been busy in 2025.  There has been a steady number of vendors talking to us about not wanting to have to deal with MTD.  We predicted this would happen but were half expecting the implementation date to be moved back again.  There is still time for this to happen… More people are working from home.  Practices below around …

Vendor’s Story £112,240 Warwickshire

Details of a deal done in 2024 Fees sold £112,240 Where Warwickshire Qualified ACCA Age 60 Time scale 3 months Type of Practice Sole Practitioner Payment 2 payments How paid 50% and 50% Multiple 1 x fees When paid Completion and 12 months Offers 6 offers Office & staff Office closed, staff moved to buyer Results Vendor was just looking …

What is the Draper Hinks process when selling a practice?

Anyone thinking of selling their practice would be best advised to get in touch with Draper Hinks as soon as they have decided to take this step.  It is important to understand the process that we follow when selling an accountancy practice. The first thing we offer is a free, confidential discussion about your own situation.  Everyone’s circumstances are very …

Vendor’s Story September

Details of a deal done in 2024 Fees sold £79,000 Where London Qualified FCA Age 77 Time scale 5 months Type of Practice Sole Practitioner Payment 2 payments How paid 50% and 50% Multiple 1.2 x fees When paid Completion and 12 months Offers 4 offers Office & staff No office and no staff Results Vendor was looking forward to …