Business Insights Report
VIC,Eastern MelbourneEastern Melbourne Financial Planning + Risk Practice
Financial Planning Risk $1m-$3mDeal Overview
EBIT
$322k
Revenue
$657k
Client Numbers
341
Terms
Asset Sale
Price
$1.97 Million
Financials
Client Age Demographics
Business Details
Business Overview
This is a Financial Planning and Risk Firm that operates in the Eastern suburbs of Melbourne and began over 30 years ago. The business is owned by a director and there are 4 additional staff.
Summary Statistics
341 Clients
$657k Recurring Revenue
$181m Funds Under Management
Business Opportunities
• The business receives regular referrals from accountants and local solicitors. They also receive regular referrals from their clients. The buyer will benefit from these referral opportunities and will be able to build on what’s been created if they have the resources.
• There is also opportunity for SoA fees from new clients, which is forecast to be over $50k for this financial year.
• The business's ongoing fees are, for some client sectors, below what other financial planners would normally cost out. As such, a gradual increase of fees is possible over the next few years.
• The client list is stable with a very low attrition rate. The recurring revenue is therefore very stable.
Reason for Sale
The principal seeks to remain with the business during the retention period and possible beyond. The principal's preference is to remain in the business for up to 3 – 5 years.
Transition
12 months
Terms
Asset Sale
Price Required
Indicative offers subject to due diligence are invited; we expect offers to be around a multiple of 3 times Recurring Revenue plus.
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
4 x Administration/Assistant Staff
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