Business Insights Report
VIC,Eastern Metropolitan Melbourne Large Eastern Metro Melbourne Financial Planning Practice for Sale
Financial Planning Risk $5m+Deal Overview
EBIT
$565,000
Revenue
$2,100,000
Client Numbers
1,572
Terms
Asset Sale
Price
$6.25 Million Plus
Business Details
Business Overview
The long-standing large Financial Planning Practice located in Eastern Metro Melbourne services over 1,500 clients, generating over $2 Million in Recurring Revenue. The practice has in excess of $350 Million in Funds Under Advice, boasts strong referral relationships and has an experienced team of four qualified advisors.
The practice is accredited as a Professional practice by the FAAA in recognition of high professional and ethical standards. It has little client concentration risk, diverse service offerings and several clear growth opportunities.
Summary Statistics
1,572 Clients
$2,078,391 FY24 Recurring Revenue
$562,939 FY24 EBIT
$360 Million in Funds Under Management
Business Opportunities
• Ability to bring on new clients
• Provide additional service and increase fees
• Potential FUM migration advantage
• Talented and experienced team
Reason for Sale
The principal business has decided to divest their Financial Planning business to release capital and to focus on their core operations. However, they do seek the opportunity for an ongoing referral relationship with the successful acquirer.
Transition
The principal businesses management would assist in the transition of the business for a determined period. The expectation is that all staff would be employed on the terms and conditions they are currently employed.
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 and above.
Purchase Price ~ 3 x $2,078,391 = $6,235,173
Staff
1 x Head of Financial Planning
4 x Private client advisers
1 x Compliance Manager
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