A seasoned financial adviser working from a home office within the County of Oxford has reached retirement age and now seeks a buyer for his modestly scaled client portfolio of 80 cases.
This is a traditional advisory business that has operated throughout in a wholly FCA compliant manner adopting a “vanilla” approach to client investment so avoiding so called “High Risk” product promotion.
All records are maintained in a computerised form using an industry leading software package.
Now reaching retirement age the vendor seeks a firm within a reasonable striking distance of Oxford enabling his clients continued service with the minimum of disruption.
A sale is anticipated during Q2 / Q3 2019
Quite reasonably for a business of this model, scale and location with an impeccable trading record a premium valuation is expected.
Interest from acquirers prepared to make offers valuing the asset of a 3.5 times multiple of recurring income and so c£270k is sought. Deferred payment terms will be over an 18-24 month term subject to DD and legal contract.
The vendor wishes the transaction to be structured enabling his eligibility for ETR (Entrepreneurs Tax Relief)