Business Insights Report
TAS,Northern Tasmania Northern Tasmania Financial Planning Practice for Sale
Financial Planning $1m-$3mDeal Overview
EBIT
$255,000
Revenue
$600,000
Client Numbers
134
Terms
Asset Sale
Price
$1.5 Million Plus
Business Details
Business Overview
The Northern Tasmania Financial Advisory practice commenced operating in 2016 and has grown organically each year since. The practice is an extremely profitable standalone business with an Adjusted EBIT Margin of 42%, Recurring Revenue of circa $500K and Funds Under Management of circa $68 Million.
The practice has an outstanding retention of clients, evidence of its strong reputation within the Northern Tasmanian community. Additionally, the practice has no over exposure to key clients and it has experienced staff willing to continue their roles into the medium-term future – further ensuring a smooth transition.
Summary Statistics
134 Clients
$506,940 FY24 Recurring Revenue
$254,969 FY24 Adjusted EBITDA
$68 Million in Funds Under Management
Business Opportunities
• Fixed service fees which could be increased from their current level, providing an opportunity for an uptake in stable Recurring Revenue.
• Use of a new generation platform (CFS) allowing for easy integration with purchaser platform.
• A profitable standalone business with performance consistently above market average.
• Strong tenure and retention of clients – evidence of strong reputation within the Tasmanian community.
• Quality, skill and expertise of adviser/ principal and administrative staff willing to continue their roles within the company.
• No over exposure to key clients.
Reason for Sale
The principal is looking to transition to retirement in the medium-term future.
Transition
The principal and a key staff member who fulfills an administrative role within the company seeks to remain with the business during the retention period and beyond – up to 3 years.
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 $506,940 = $1,520,820
Staff
1 x Client Advisor
1 x Client Service Manager
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