A well structured and meticulously managed advisory business servicing a client base principally within Devon. Some smaller numbers of clients within adjoining counties of Cornwall and Somerset.
Full client facing service including investment and pensions advice. Strong mortgage and protection offering.
£120m FUM generating c£700k of recurring revenue.
With retirement planning an objective for 2020 the founding Director for this profitable business is interested in acquirer appetite for his business.
A market rate consideration is reasonably expected for the business.
Interest is invited from firms with servicing capabilities within the South West of England and with parallel cultural values for excellence in client service.
The business is a profitable entity and with a recurring revenue of c£700k from post RDR client signed service arrangements a market rate valuation in the band £2.1 – £2.5m is expected.
This will be a share sale enabling the vendor ETR eligibility and structured over 3 stage payments (50:25:25) with consideration passing from acquirer to vendor over 24 months.