Current turn over circa: £70,000

Offers over: £90,000

Established: 5 to 10 years

Gross Recurring Revenue: <30k

Number of staff: 0

Locations: Kent

Additional Notes: Unusual opportunity comprising an asset purchase of £5m FUM. Therefore, there is no Staff, Overheads or Liability to be taken on by the purchaser.

The client bank is very local with 80% of clients based in Kent. The business is thus highly portable and any acquirer will be able to service the clients efficiently, dramatically reducing any excessive traveling and heightening cash flow generation of the acquisition.

Client charging structure is .5% with the principal open to potential uplift over time, resulting in a very quick return of investment and an increased recurring revenue stream.

For more information please call 01765 698 699 and quote the reference number 30412

IFA similar to this