Background
With 30 years dedicated service to a loyal client base of 150 client cases throughout the County of Cheshire this modestly scaled “one man band” advisory business has routinely generated healthy profits.
The Principal works from a home office with administrative support provided by his wife and a small administrative team.
A truly vanilla attitude to risk has seen the firm strongly avoid so-called high-risk product sales.
Wholly compliant the firm has an exemplary track record, strong local presence, and the prospect of future profitable trade.
Requirement
As with many of the smaller firms the Principal has become frustrated by the amount of non-fee earning administrative and regulator driven requirements on his time.
Preferring to remain in an advisory capacity and rid himself of deflecting activities he now seeks an opportunity to join a larger entity in a “sell & stay” capacity. This will see him introduce his clients for a capital sum at a market rate then continue in an advisory capacity in an employed or self-employed capacity. The intention is to work in an advisory capacity for another 5-7 years leading to a retirement.
Consideration
Market rate buy-out terms are expected. With c£45m of FUM and recurring income streams of c£240k a headline consideration of c£800k is expected.
As the business is a sole trader the buy-out will be an asset purchase.
Express Interest