This is a Financial Planning & that operates in the Melbourne CBD region and began almost 25 years ago. The business is owned by a director and there is 2 additional support staff. The business has a mix of HNW clients and manages estates.
$638k Recurring Revenue
$120m Funds Under Management
• Fixed service fees and not asset-based fees ensuring revenue stability. The practice has used a fixed fee charging methodology since 1997.
• A unique value proposition to a desirable niche market (HNW Melbourne CBD Client base).
• Specific target market. (HNW - Melbourne)
• Tenure and retention of clients.
• Management and reporting structures.
• Total income is high and sustainable (given client tenure and past three years revenue is at maturity and sustainable at circa $600,000).
• Very good average FUM per client ($2,105,263).
• FUM is managed conservatively and does not represent investment risk.
• Excellent compliance history.
• Client base is active and engaged (100% active clients).
Reason for Sale
The principal wishes to exit the industry and face new challenges.
The principal wishes to retire (age-based).
Asset or Share Sale
Indicative offers subject to due diligence are invited; we expect offers to be around a multiple of 2.5 times Recurring Revenue plus.
Purchase Price ~ 3 x $638,406 = $1,915,218
2 x Administration/Assistant Staff.
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