Background
Trading for many years in a traditional form this IFA business has provided sterling advice to a portfolio of clients located throughout the Northeast of England.
Now with c150 active clients and managing c£20m of client monies the firm is generating c£170k of recurring revenue from investment and pension advice.
All client monies are invested within household named product providers. Its an honest and simple business model that has served both owner and clients well for decades.
Requirement
Advancing years and some health challenges are now forcing a business sale.
The owner is pragmatic and recognises now is an appropriate time to secure a fresh custodian for his loyal client base, ideally one that also has advisory capabilities within the same geographical area as his clients so providing for continuity.
The same cultural values are sought – transparency, honesty, and simplicity.
Consideration
The business has a clean trading track record and has always been FCA compliant so deal terms as an asset or as a share sale will be considered.
With a straightforward business model and client monies with household named product providers a market rate valuation is reasonably expected.
Consideration is expected to pass from acquirer to vendor over a 24 month term following usual industry metrics.
Express Interest
