Current turn over circa: £ 400,000

Offers over: £ 240,000

Established: 10-1 years

Gross Recurring Revenue: 300-500k

Number of staff: 5-10

Locations: Cheshire

Additional Notes:
My client, a chartered practice offers their business and loyal clients to the market, with a focus on completing at an appropriate and mutually agreeable point next quarter.

This technology adept general practice is looking to maximise its potential through a merger, whereby the principle will be retained and able to focus on utilising his talent for management and process improvement, allowing an acquirer to progress business development, provide overall synergies and allow 5-10 year succession planning for the current principle.

The GRF totaling £400 000 is generated from a portfolio of around 650 client relationships with a strong focus on small businesses. 60% of the portfolio are limited companies with the remaining 40% comprising sole traders, partnerships and personal clients. The majority of clients reside within 15 miles of the practice, overall representing a fantastic local investment opportunity.

The practice enjoys long-term relationships with clients, including many since formation over 10 years ago and the top five clients are generating annual fees in excess of £25 000. The majority of clients are seen face-to-face on an annual basis and the firm receives 4-5 new client enquiries every month, providing an acquirer with ample opportunity to maximise their return on investment.

In addition to a highly recommended staffing team with over 50% having been with the practice since formation, the proprietor offers the option of relocating the practice locally or alternatively, renting the current premises as well as considering the benefits of becoming a multi-location firm resulting in an easy handover, smooth client transition and minimal stress for an acquirer.

The practice is technologically adept, using a myriad of software with over 75% of clients paying by quarterly or by monthly direct debit and a service described as good value, relaxed and approachable, with client testimonials available upon request, thus providing ample opportunity for an acquirer grow using the outstanding goodwill.

This opportunity would be ideal for either a smaller practice looking for their next stage of growth and development with enhanced support or alternatively like-minded practices benefiting from the synergies associated with merging. 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 30119

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