Established in 2004 this 2 Director advisory business now services c230 clients within the Norfolk and surrounding areas.
The aggregate client holding is c£260k and the business is healthily generating c£210k of recurring income from investment, pension, mortgage and protection business.
A part of a major network with a clean compliance and trading track record all client records are maintained using industry leading software.
A natural crossroad has been reached with the majority shareholder facing health challenges and the other wishing to pursue commercial interests away from the financial services sector.
With a positive spirit the Directors have decided in their own personal interest and to ensure their clients welfare a buyer should be found for this business
A market rate valuation at 3-3.5 times recurring income is reasonably sought for a clean and vanilla / no-risk client portfolio.
Offers in the region of £630-750k are expected as a share sale with consideration passing from acquirer to vendor over an 18-24 month period in 3 instalments (50:25:25)