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 …

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 …