Asset Purchase of c.£11m FUM generating £100,000 Annually in Recurring Income with no Staff, Overheads or Liability to be Taken On By The Purchaser
Current turn over circa: £100,000
Offers over: £330,000
Established: 20 to 25 years
Gross Recurring Revenue: 70-100k
Number of staff: 0
Locations: Brighton
Additional Notes:
Asset Purchase of c.£11m FUM generating £100,000 Annually in Recurring Income with no Staff, Overheads or Liability to be Taken On By The Purchaser
The firm's client bank is extremely local with 80% of clients in a 20 miles radius. The business is thus highly portable and any acquirer will be able to service the clients efficiently, eliminating the need for excessive traveling and heightening cash flow generation of the acquisition.
The acquisition of this two Principle led Practice would be structured as an asset and goodwill sale, with no liability assumed by the acquiring party and no FCA change in control required.
For more information please call 01765 698 699 and quote the reference number 30337 ask for Toby Holbrey
