Current turn over circa: £ 100,000

Offers over: £ 220,500

Established: 5-10 years

Gross Recurring Revenue: 50-70k

Number of staff: 0-1

Locations: Lancashire

Additional Notes: Business for sale in the North West, with upwards of £12 million in funds under management and a recurring revenue approaching £65K.

My client has built up this business over the last 10 years; manageable size for most acquirers looking to grow significantly in the coming year.

Clients are offered an annual service. With an average ongoing adviser charge of between 0.5%, there is significant uplift potential for the right acquirer.

A directly authorised soletrader, this business has a desirable client make-up with an average age of 60 and fewer than 60 households. This means that the average portfolio size is over £200,000.

With no complaints upheld or outstanding, any acquirer can be assured that they are buying a truly excellent client base and vast potential, much of which is still untapped. Further FUI and clients posed to invest further cash.

My client is looking for offers over 3.5X the recurring revenue. A true adviser who looking at a short handover before retirement.

For more information please call 01765 698 699 and quote the reference number 30039

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