North Yorkshire Retiring IFA Generating c £75,000

Current turn over circa: £200,000

Offers over: £300,000

Established: 10 to 15 years

Gross Recurring Revenue: 70-100k

Number of staff: 0

Locations: North Yorkshire

Additional Notes: Retiring IFA Managing c.£20m FUM Which Generates c £75,000 from 65 Households
- Portable practice without staff or offices would stay with the business; no cost would be taken on by the buyer leading to very high post acquisition operating margin.
- The acquisition of the business would be structured as an asset and goodwill sale, with no liability assumed by the acquiring party.
- The principal is happy to engage in a 6-12 month handover to ensure all clients are novated and given a warm introduction to the new firm.
- The average investment per household is over £350,000 and thus the vast majority of clients are profitable to service.
- Ongoing fee charge of 0.5% so there’s room for potential uplift.

For more information please call 01765 698 699 and quote the reference number 30822 ask for Oliver Macer