Up front budget: £ 450,000

Current turn over circa: £ 1,000,000

Cash offer: Up to 3.8x Recurring

Established since: 2007

Locations: Cambridgeshire

Additional Notes:
Experienced, Local Acquirer looking to take on a Practice of up to £30m FUM Offering up to 60% Upfront.

The business has recently acquired a practice with exceptionally high retention of 98% while the principle remained working in a reduced format, benefiting from new clients taken on board. The business is looking to repeat the success of the previous acquisition had has capacity within the current staff based to take on another practice in the next few months.

The firm adopts a pure advisory model with advisers being supported 1:1 by client relationship managers who attend all meetings and create meeting packs and suitability letters. The businesses is ideally placed to take on advisers and retiring principles and allow a focus on client service with all compliance and administration lifted.

To maintain strong relationships with clients, this partner led firm regularly takes out clients to both events and seminars. Such commitment to securing the very best clients in tandem with achieving virtually a zero drop off rate in recent times will ensure very high retention rates for any future acquisition.

For more information please call 01765 698 699 and quote the reference number 177139