Current turn over circa: £ 85,000

Offers over: £ 255,000

Established: 25 to 30 years

Gross Recurring Revenue: 50-70k

Number of staff: 1

Locations: Greater Manchester

Additional Notes: Fantastic seller in the Greater Manchester area with around £10million in funds under management and a recurring revenue nearing £70,000. Looking for the right buyer, offering a similarly exceptional level of client service.

With a turnover approaching £85K, and profits of around £65K this, chartered, lifestyle business would be a great acquisition for smaller acquirers and those looking to expand rapidly adding approximately 60 clients with a personal handover of relationships.

A chartered practice, with manageable client numbers and an average portfolio size approaching £200K, this is exactly the kind of firm that we have constant enquiries about.

Having been in the industry for nearly 50 years, my client has ensured that they have had no complaints at all in that time, so any acquirer can be assured that they are taking on a safe and reliable business, with an exceptional reputation within the clients.
My client is looking for acquirers around the local area who are similarly focused on fantastic client service. Reputation is extremely important to my client and as such they are keen to speak to like-minded individuals providing full financial planning and a holistic, full range of financial services.

Looking for an offer of 3.65x recurring income paid with 50% upfront and paid over a total period of 12 months or shorter; due to the age of the selling party and small nature of the business.

For more information please call 01765 698 699 and quote the reference number 30007

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