Founded over 25 years ago this business provides mortgage and advisory services to clients throughout the North West of England.
The mortgage book accounts for approximately 80% of the firms annual turnover with recurring income from advisory services providing the balance.
All employees except administrative staff are on self-employed contracts.
Annual profits are c£1.5m
The founding Directors are reflecting on lifestyle and work balance feeling at this time a business sale leading to an eventual retirement is favoured.
Interest is invited from firms with a similar model providing a brand range of financial services products.
Valuation metrics at market rate will apply to the recurring income from advisory services and the turnover generated by the mortgage business or a multiple of EBITDA. From this, a valuation of c£7m is reasonably expected.
The existing staff members are expected to be retained by the acquirer in an employed or self-employed capacity subject to terms.
The buy-out period is to be structured over a timeline appropriate for the complexities of this hybrid model currently weighted towards mortgage business.