The owner of this IFA firm based in South Wales feels he is ready to give up running his own business to create a capital event, however, he would ideally be looking to stay on post sale because he isn’t quite ready to stop advising. He envisions at least 2 years of advising post sale.
This business has £28m FuM generating £160k of recurring income. In addition, the business typically generates between £60k – £80k of New Business Income per annum.
Ideally looking for a Share Purchase to benefit from BADR with his preferred purchase price being between 3.5 to 4 times recurring income.