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 …

Vendor’s Story – £800,000 – Bedfordshire

Fees sold £800,000 Where Bedfordshire Qualified FCA, FCA & FCCA Age 65, 62, 48 Time scale 8 months Type of Practice 3 Partners Payment 3 Tranches How paid A third, a third, a third Multiple 0.9 x fees When paid Completion, 12 months and 24 months Offers 3 offers Office & staff Office shut – staff moved to new office …

Vendor’s Story – £75,000 – Bristol

Fees sold £75,000 Where Bristol Qualified ACA Age 55 Time scale 2 months Type of Practice Sole Practitioner Payment 4 Tranches How paid 10%, 25%, 25% 40% Multiple 1.1 x fees When paid Comp, 3 mths, 6 mths & 18 mths Offers 2 offers Office & staff Office shut – no staff Results Having a new house built post sale …

Vendor’s Story – £325,000 – West Midlands

Fees sold £325,000 Where West Midlands Qualified FCCA Age 51 Time scale 5 months Type of Practice Sole Practitioner Payment 3 Tranches How paid 40%, 30% & 30% Multiple 1 x fees When paid Completion 6 months & 15 months Offers 2 offers Office & staff Both kept on by buyer Results Vendor looking to move to the West Country …

Vendor’s Story – £410,000 – Dorset

Fees sold £410,000 Where Hertfordshire Qualified CIMA Age 65 Time scale 10 months Type of Practice Sole Practitioner Payment Single payment How paid One-off discounted payment Multiple 0.62 x fees When paid Completion Offers 4 offers Office & staff Buyer kept office and staff Results Vendor sold home to move to be near kids We were approached by a potential …