Up front budget: £1,000,000
Current turn over circa: £3,000,000
Cash offer: 2x Net Commission Income
Established since: 1997
Locations: North London
Additional Notes:
Experienced General Insurance Purchaser Turning Over £3,000,000 Offering 2x Net Commission Income Over 2 Years for the Right Brokerage
- The purchaser has a demonstrable success on previous broker acquisitions having paid out 100% or more of what was originally agreed in every acquisition to date
- The firm has c.£850,000 of cash in the business to spend upfront for the right Practice
- On previous acquisitions, all staff members were retained with the majority experiencing a salary increase. The staff will most likely be retained in any further acquisition to ensure a smooth transition of clients and future growth of the business
A premium offer will be available to Practices of the following profile:
. Brokerages between £100,000-£1,200,000 Turnover
. Share Purchase Option
. Located in North/Greater London
For more information please call 01765 698 699 and quote the reference number 179001