Current turn over circa: £ 100,000

Offers over: £ 120,000

Established: 3-5 years

Gross Recurring Revenue: 70-100k

Number of staff: 1-3

Locations: Belfast

Additional Notes:
My client, an experienced practice offers their business and loyal clients to the market for the first time due to role reduction, with a focus on completing at an appropriate and mutually agreeable point next quarter.

In addition to a highly recommended and supporting member of staff, the retiring proprietor is seeking a long-term employed position within the buying parties’ practice and offers the option of relocating the practice or alternatively, renting the current premises, resulting in an easy handover, smooth client transition and minimal stress for an acquirer.

The GRF is generated from a portfolio of around 100 client relationships. 20% of the portfolio are limited companies with the remaining 80% comprising sole traders, partnerships and personal clients and the majority of clients residing within 15 miles of the practice, overall representing a fantastic local investment opportunity.

The practice enjoys long-term relationships with clients, including many for over 10 years and the top three clients are generating annual fees of over £6 000. The majority of clients are seen face-to-face on an annual basis with a service described as highly recommended, timely and approachable, thus providing ample opportunity for an acquirer grow using the outstanding goodwill.

The practice is excellently placed for a new acquirer to capitalise on the existing relationships and progress the firm to the next level of growth and development by supporting the proprietor.

For more information please call 01765 698 699 and quote the reference number 30044

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