Below you'll find a list of all posts that have been categorized as “Blog”
It is important that when you are thinking about selling your practice, you are as ready as you can be. That means collecting as much information as there is out there to get a good idea as to what the process is and what can be done to maximise the sale price for what you are selling. However, that is …
This is a case study from a practice we sold recently Fees sold £ 76,000 Where Hampshire Qualified MAAT Age 72 Time scale 4 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 3 offers Office & staff No office, …
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 …