Vendor’s Story October

Details of the deal for this vendor’s story  Fees sold £107,000 Where Suffolk Qualified ACA Age 68 Time scale 2 months Type of Practice Sole Practitioner Payment Lump sum, earn out How paid Lump sum on comp then 33% paid quarterly from fees received for 3 years Multiple 1 x fees When paid £20k at comp, then per quarter in …

Vendor Story £290,000 Oxfordshire

Details of the deal for this vendor’s story  Fees sold £290,000 Where Oxfordshire Qualified FCCA Age 61 Time scale 20 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 40% & 10% Multiple 1.2 x fees When paid Comp, 12 months & 24 months Offers 3 offers Office & staff Office and staff retained by buyer Results …

Vendor Story £117,900 Devon

Details of the deal for this vendor’s story  Fees sold £117,900 Where Devon Qualified FCA Age 68 Time scale 4 months Type of Practice Sole Practitioner Payment 2 tranches How paid 50%, & 50% Multiple 1 x fees When paid Completion and 12 months Offers 3 offers Office & staff Vendor worked from home no staff Results Vendor looking to …

Vendor Story £257,000 Leicestershire

Details of the deal for this vendor’s story  Fees sold £257,000 Where Leicestershire Qualified ATT  FMAAT Age 72  &  64 Time scale 9 months Type of Practice Husband and wife partnership Payment 3 tranches How paid 60%, 30% & 10% Multiple 1 x fees When paid Comp, 12 months a& 24 months Offers 4 offers Office & staff Office and …

Vendor Story £450,000 West Sussex

Details of the deal for this vendor’s story  Fees sold £450,000 Where West Sussex Qualified ACA/FCCA Age 61 Time scale 9 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1 x fees When paid Comp, 12 months & 24 months Offers 3 offers Office & staff Office and staff retained by buyer …

Vendor Story £111,360 Tamworth

Details of a deal done in 2023    Fees sold £111,360 Where Tamworth Qualified FMAAT Age 72 Time scale 3 months Type of Practice Sole Practitioner Payment 2 tranches How paid 50% & 50% Multiple 1 x fees When paid Completion and 12 months Offers 4 offers Office & staff No office and one subcontractor Results Vendor decided to do some …

Vendor Story £50,000 Birmingham

Details of a deal done in 2023  First tranche of fees  Fees sold £50,000 Where Birmingham Qualified FCCA Age 39 Time scale 2 months Type of Practice 3 Partner firm Payment 3 tranches How paid 30%  30%  30% Multiple 0.9 x fees When paid Completion, 12 months and 24 months Offers 2 offers Office & staff Fees unencumbered by staff …

Vendor Story £250,000 London

Details of a deal done in 2023    Fees sold £250,000 Where London Qualified ACA, CTA Age 55 Time scale 4 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1.25 x fees When paid Comp, 12 months & 24 months Offers 3 offers Office & staff No office, subcontractor not needed Results Vendor …

Vendor Story £117,900 Northumberland

Details of a deal done in 2023    Fees sold £117,900 Where Northumberland Qualified FCA Age 68 Time scale 12 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1 x fees When paid Comp, 12 months a& 24 months Offers 3 offers Office & staff Office and staff retained by buyer Results Vendor …

Vendor’s Story £150,000 London

Details of a deal done late in 2023    Fees sold £150,000 Where London Qualified QBE Age 76 Time scale 2 weeks Type of Practice Sole practitioner Payment One off payment How paid No clawback Multiple 0.35 When paid Paid fully on completion Offers 4 offers Office & staff No office, staff did not move to buyer Results Vendor had terminal …