Current turn over circa: £ 80,000

Offers over: £ 100,000

Established: 5-10 years

Gross Recurring Revenue: 70-100k

Number of staff: 0-1

Locations: Stoke on Trent

Additional Notes:
My client, a well-established practice of approaching 5 years offers their business and loyal clients to the market for the first time due to retirement, with a focus on completing at an appropriate and mutually agreeable point this year.

The retiring proprietor is committed to being flexible with regards to an acquirer’s needs and offers the option of relocating the practice or alternatively, renting the current premises, resulting in minimal stress for an acquirer.

In addition, there is one loyal and experienced staff member, that is available if required to continue handling client’s requirements or alternatively, the practice can be offered without employees demonstrating how committed the exiting proprietor is to being flexible with regards to an acquirer’s needs.

The GRF is generated from a portfolio of around 150 client relationships. 55% of the portfolio are limited companies with the remaining 45% comprising sole traders, partnerships and personal clients, with the majority of clients residing within 15 miles of the practice.

The practice enjoys long-term relationships with clients, including many since formation, with the top five clients generating annual fees of over £15 000 demonstrating the low-risk levels associated with the portfolio.

The majority of clients are seen face-to-face on an annual basis with a service described as highly recommended, always available when required and extremely helpful, thus providing ample opportunity for an acquirer grow using the outstanding goodwill. In addition, this highly profitable practice receives ongoing referrals resulting in at least one enquiry every week, providing ample opportunity for a new owner.

The practice is excellently placed for a new acquirer to capitalise on the existing relationships and the principle offers his services in a handover capacity to ensure smooth transfer of clients.

This proprietor is looking for an acquirer that is a bilingual acquirer (second language Punjabi) who can provide high quality service as well as progress the firm to the next level of growth and development.

For more information please call 01765 698 699 and quote the reference number 30068

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