Exceptional St Albans based Practice with £380,000 Recurring, c.£80m Funds under Management and an average client age of 50

Current turn over circa: £ 900,000

Offers over: £ 1,450,000

Established: 5-10 years

Gross Recurring Revenue: 300-500k

Number of staff: 5-10

Locations: St Albans

Additional Notes: Exceptional St Albans based Practice with £400,000 Recurring, c.£80m Funds under Management and an average client age of 50

The Practice services over 900 clients with the average age of 50 and has huge potential for endogenous growth through new business generation with existing clients. The business has the potential to double in size over the next 3-5 years as funds of clients grow naturally into the retirement phase. In conjunction with potential in the volume of clients, the ongoing adviser charges are a mix between 0.5% and 0.75% ongoing, representing huge potential for fee uplift and value accretion.

The Practice is attracting an Average of 2-3 new enquires per month solely through referrals, a testament to the brand strength and current success of the business. Due to the client objective orientated and tailored service provided, the Practice has never had a complaint upheld and hence has exceedingly low PI costs of below £11,000.

A large amount of new business is being written each year with approximately £120,000 in Mortgages, £180,000 Pensions in tandem with recurring revenue of c.£400,000. Three Advisers are flexible to stay in the business on a more permanent basis, ensuring near 100% retention and continuity post-acquisition.

For more information please call 01765 698 699 and quote the reference number 30035 ask for Toby Holbrey