IFA for Sale Scotland & Northern Ireland

Current turn over circa: £ 750,000

Offers over: £ 0

Established: 15-2 years

Gross Recurring Revenue: 300-500k

Number of staff: 3-5

Locations: Highlands

Additional Notes: Fantastically Profitable (Profit margin over 60%) and Highly Unique Practice with an going Adviser charge of 0.45%, managing c.£100m FUM, £320,000 in Recurring Revenue

Rare opportunity to acquire a Practice with an exceptional amount of potential within the client bank. The business has over 3400 clients (only 17% currently active) with 400-500 being very warm to the Practice but paying no adviser fee. 1-2 years post acquisition, this business has the potential to double its bottom line and add c.£900,000 in profit to your business through conversion of passive clients to active clients alone. Equal untapped potential lies within ongoing fee uplift, which will see very high retention in clients has the they have been prepped for an increase in the near future.

Established almost 20 years and Located in Inverness Region, the Practice offers three distinct levels of service. The third being a more Ad-Hoc service to larger clients, of which the largest has a portfolio size of £1.5m.
Looking forward, there are four Administrators and one Advisor who are flexible to stay in the business on a more permanent basis, ensuring near 100% retention and continuity post aquisition.

For more information please call 01765 698 699 and quote the reference number 14557 ask for Byron Snaith

Current turn over circa: £ 228,936

Offers over: £ 332,501

Established: 15-2 years

Gross Recurring Revenue: 70-100k

Number of staff: 3-5

Locations: Paisley

Additional Notes: Business for sale Paisley and West, with upwards of £22 - 25million in funds under management and a recurring revenue approaching £100K. Turnover, over £225,000.

My client has built up this business over the last 18 years and has amassed a significant amount of funds under management in this time. At over £22million it is an impressive but manageable size for most acquirers looking to grow significantly in the coming year.

Clients are offered a full range of services. Including specialist advice on defined benefit transfer, annual reviews. With an average ongoing adviser charge of between 0.5% and 0.75%, there is significant uplift potential for the right acquirer.

A directly authorised firm, this business has a desirable client make-up with the average age between 30 and 60 and 160 households. This means that average portfolio size is between £137,000 and £157,000.

With no complaints upheld or outstanding, any acquirer can be assured that they are buying a truly stellar business with an excellent client base and vast potential, much of which is still untapped.

My client is looking for offers over 3.5X the recurring revenue and is interested in businesses that are client-focused, have a local presence or would take on a local presence as this is very much a high street business.

For more information please call 01765 698 699 and quote the reference number 30026 ask for Byron Snaith