Below you'll find a list of all posts that have been categorized as “Blog”
If you are thinking of selling your accountancy practice or are thinking of buying an accountancy practice, here are some of the most asked questions by clients post sale. You will need to know the answers to ALL of them:- These are actual questions that clients have asked post completion. You will need the answers. Remember when an accountancy practice …
I am going to talk about two different scenarios here. First scenario is where we had a vendor contact us who said he didn’t think his practice was worth anything and after the tax returns had all been done by the end of January this year i.e. Feb 2024, he was going to contact all of his clients and let …
This is a case study from a practice we sold in 2023 Fees sold £ 328,500 Where Birmingham Qualified FCA Age 67 Time scale 5 months Type of Practice Sole Practitioner Payment Three tranches How paid 40% 30% 30% Multiple 1 x fees When paid Comp, 12 mths and 24 mths Offers 2 offers Office & staff Office and staff …
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 …
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 …
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 …
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 …
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 …