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 …

A recent case story

This is a case study from a practice we sold recently Fees sold £400 + Where Warwickshire Qualified FCA Age 68 Time scale 9 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 4 offers Office & staff Buyer kept staff not …

How long will it take to sell my accountancy practice

At Draper Hinks we are business brokers and only deal with facilitating the buying and selling of accountancy practices.  We do understand that deciding to sell your accountancy is a very difficult decision to make and you must not underestimate what an emotional decision it is too.  We have a lot more buyers on our books looking to purchase an …

Why we do what we do at Draper Hinks

Draper Hinks is a brokerage facilitating the sale and purchase of accountancy practices.  All accountants at some stage will want to stop, retire, downsize or do something completely different.  We help them to do exactly that. So, you could say we help accountants to achieve one of their life goals, quite an important one admittedly and often one of the …

Round up of 2022

Why is it that the end of the year creeps up on us and before we know it, it is December and the new year is just round the corner? At Draper Hinks we facilitate the buying and selling of accountancy practices and for us 2022 has been a bit of a rollercoaster.  Some months we have been very busy …

How can I prepare for selling my Accountancy Practice (Part Three)

At Draper Hinks we go the extra mile for all of our vendors when they are looking to sell their accountancy practice.  We understand how important it is to work with someone who can listen, guide and support you through the difficult time of finding the right buyer.  We have a lot of practical experience we can share with you …

How can I prepare for selling my Accountancy Practice? (Part Two)

Draper Hinks is a brokerage working solely with accountants in practice facilitating the buying and selling of accountancy fees.  But we do like to go the extra mile for our clients.  We get very involved making sure that we are there all the way through the process wherever needed.  If you have made the decision to sell your practice then …

How can I prepare for selling my Accountancy Practice? (Part One)

Most accountants find the decision to sell their practice a very difficult decision to make.  If it is forced upon you by personal circumstances or by serious health issues then you often don’t have the time to think about it.  You have to get on with and make the most of a bad situation.  But if you have time to …

FAQ’s asked by clients post sale

If you are thinking of selling your accountancy practice or are thinking of buying an accountancy practice, here are some of the questions most asked by clients post sale.  You will need to know the answers to ALL of them:- Who do I phone when I have a question? Will I be charged more? What’s happening to the office? Who …

Reasons why people sell their accountancy practice

We have had a number of people come to us in the last two years that have been seriously affected by Covid 19, which has necessitated having to sell their accountancy practice.  It can be difficult to come to terms with the fact that you are having to sell rather than wanting to sell. In the past we have had …