Exceptional business for sale in the North-West of England. £65 million in Funds under management with a trail income circa £650k and profits post sellers exit of over almost ¾ of a million.
Current turn over circa: £850,000
Offers over: £3,000,000
Established: 5 to 10 years
Gross Recurring Revenue: 0.5-1m
Number of staff: 1 to 3
Locations: Stockport
Additional Notes: My client has vast amounts of experience as an advisor, having been in the industry for almost 35 years. With very limited exposure to risk - no DB transfer exposure and no structured products this is a fantastic opportunity for any acquirer to significantly increase their funds under management and profit line with minimal risk.
An enviable client bank made up of just over 100 households and an average portfolio size of around 250k with some clients investing north of £2million. Having focused on client relationships throughout their career, my client is now in an excellent position to ensure a robust handover ensuring maximum retention. Clients are focused around two key locations of London and the North West.
Offering an in-depth, flexible, face to face handover period being open to offers ranging from a 12 month to 2 year period as required by the acquirer. Small employed workforce to consider. My client is committed to working alongside the acquirer to ensure as smooth a transition as possible.
Looking for an offer of 5x - 6x EBITDA paid with 50% upfront, 25% at the end of 12 months and 25% at the end of 24 months. Share purchase.
For more information please call 01765 698 699 and quote the reference number 14872 ask for Byron Snaith
