Reference: 25623 | Region: North West , Selling | Price: £1,200,000 | Funds Under Management: £40,000,000 |
Recurring Income: £300,000 | No of Active Households: c100

Directly authorised business based in the North West is looking to sell due to the Director finding it too much to run the business as well as be the main adviser. Director in their late 50’s and would be looking for a sell and go. The business has £40m of FuM which is generating c£300k in recurring income.

Majority of the clients are aged late 40’s to mid 50’s with average holdings per household of £400k. Given the low client ages and fantastic average holdings, we feel that 4x recurring income is a very fair and realistic price for this business.

This is a clean business with no complaints or high risk areas of advice. Preference is for a share purchase so he can benefit from business asset disposal relief.