Up front budget: £ 1,000,000

Current turn over circa: £ 1,000,000

Cash offer: 4.2x recurring revenue 50/25/25

Established since: 2015

Locations: Greater Manchester

Additional Notes: Experienced acquirer seeking client banks or partial client banks in the North West. with smaller average portfolios of £20K to £200K capable of remote compliant servicing by this telephone and web based business.
With three successful acquisitions and retention levels of between 99 and 100%, this practice is now looking to embark on a sustained acquisition program through 2019.

Having invested heavily recently, to ensure all clients have a dedicated service adviser, the business boasts six experienced regulated individuals with ample capacity to match the planned growth.

Principals who are looking to focus on their core clients and perhaps sell a portion of their clients with lower average portfolios are particularly welcome.
With multiples to 4.2x and 50% deposit upon completion, this is a rare opportunity for principles preparing for a future exit to enhance their average portfolio size and increase their core business value.

For more information please call 01765 698 699 and quote the reference number 176890