A long established and well organised sole trader / Ltd Company advisory business operating from offices in Somerset and servicing a client portfolio comprising individuals, families, local businesses and agricultural / farming communities.
Computerised client records using industry leading software.
With c£16m FUM and an annual recurring income of c£85k this is neat business and an ideal acquisition prospect – good client relationships so strong levels of loyalty making client onboarding and integration a simple process.
The vendor hopes to attract and secure terms with a Somerset or bordering County firm with local client servicing capabilities recognising the importance of cultural alignment.
Share purchase terms are expected – not unreasonably given the firm has avoided the promotion of “high-risk” product sales so offers an impeccable legacy book.
Firms of this quality routinely command 3-3.5 times recurring income and it is expected the same so the vendor seeks offers in the region of £250-300k as a share purchase with consideation passing from acquirer to vendor in 3 stage payments over a 24 month term.
Ideally a deal to be completed during Q3 2020.Express Interest