Business Insights Report
Deal Overview
EBIT
$582k
Revenue
$870k
Client Numbers
220
Terms
Asset or Share Sale
Price
$2.6 Million
Financials
Client Age Demographics
Business Details
Business Overview
This is a Financial Planning Firm that operates in the Adelaide CBD region and began over 20 years ago. The business is owned by a director and there are 5 additional staff.
The business is currently going through a fee restructure and has been meeting with all clients to affirm an increase in fees. There has been an increase of minimum fees to at least $3,300 and many to $5,500 depending on their service offering. It was expected that some clients would opt out but to date ALL clients have accepted the fee increase. Due to this change the figures listed below are not certain, however they are expected to be conservative.
 
Summary Statistics
220 Clients
$868k Recurring Revenue
$968k Gross Revenue
$132m Funds Under Management
Business Opportunities
• The acquisition of a really efficient, well run, best of breed financial planning practice ie strongly engaged clients who value financial advice, fully platformed, fixed fees (that increase each year) and annual fixed engagements, model portfolios, managed funds, marketing to niche, homogenous client base, strongly compliance focused.
• To take over our referral sources and public speaking opportunities.
• Self-Licensed
• Excellent compliance history
• Specific target market
Reason for Sale
The principal seeks to remain with the business during the retention period. The purchaser will look to take control of managerial control of the operations and infrastructure. The principal will look to step away from the business after this period.
Transition
12 months
Terms
Asset or Share Sale
Price Required
Indicative offers subject to due diligence are invited; we expect offers to be around a multiple of circa 3 times Recurring Revenue.
The Recurring Revenue and profit will be established as at 30.06.2022 and used for contractual purposes with a rise a fall clause to protect both buyer and seller.
Staff
1 x Owner
2 x Additional Advisors
2 x Administration/Assistant Staff
Download Business Profile Here
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