A “vanilla” low risk modestly scaled sole trader advisory business.
Long established with a loyal client portfolio predominately along the M4 corridor between Newport and Swansea.
No “high-risk” sales and specifically no DB transfer work so the firm has an impeccable clean compliance and client complaints record.
Recurring income of £140k as the business follows a strategic ambition to achieve a 0.5% charging structure.
The Principal has reached an age where retirement and the opportunity to focus on lifestyle interests is more pressing than ongoing client servicing as an adviser.
Given this is a sole trader offered here is a business book / client database and portfolio so an asset sale.
The vendor would like to achieve an industry exit during Q1 2020.
The vendor has a market rate ambition of achieving a 3-3.5 times multiple of recurring income paid over an 18-24 month period in 3 instalments (50:25:25).
This provides a headline valuation of £420-£490k.