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 …

Things vendors have done after selling their practice

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 …

Round up of 2023

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 …

Every deal is different

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 …

Case Story Q3

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 …

Caveat Venditor – Seller Beware

At Draper Hinks we take great pride in the work we do.  We care about our clients and we go the extra mile to help wherever we can.  We take people at their word and have built up some very good relationships with buyers over the years. Some of our buyers buy from us on a regular basis. They know …

Caveat Emptor

We understand that deciding to sell your practice is not a decision to make lightly.  There are many factors that need to be taken into consideration.  It is important that you know what you will be doing post sale. If you do not have a clear idea of how you will fill your time, then the idea of impending retirement …

Case Story Q2

This is a case study from a practice we sold recently   Fees sold £ 152,000 Where Yorkshire Qualified FCA Age 62 Time scale 7 months Type of Practice 3 Partner firm, 1 Partner retiring Payment Three tranches How paid 50%  25%  25% Multiple 1 x fees When paid Comp, 12 mths and 24 mths Offers 3 offers Office & …

Some buyers put in multiple offers for the same practice

We have been selling accountancy practices for over 20 years, so we know a thing or two about the process, what is reasonable and what is not.   Most sellers of accountancy practices have not sold before.  Believe it or not there are some accountants that sell their fees and then get bored, start again and then in a few years’ …

How many meetings will there be before I get an offer?

Selling your accountancy practice ranks up there as one of the biggest decisions you will make in your life.  It is not an easy decision to make unless it is forced upon you by personal circumstances such as ill health, the ill health of someone else or death.   Whatever the reason, we are here to help and guide you through …