Current turn over circa: £ 40,000

Offers over: £ 41,000

Established: 20-2 years

Gross Recurring Revenue: 30-50k

Number of staff: 0-1

Locations: County Londonderry

Additional Notes:
My client, a well-established practice of over 20 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 practice without employees and with the option of relocating the practice to the Limavady, Coleraine, Ballymoney, Aghadowey, Portrush, Ballybogey, Macosquin and surrounding areas.

The GRF is generated from a portfolio of around 60 client relationships, of which 98% of the portfolio are sole traders, partnerships and personal clients, with the majority of clients residing within 10 miles of the practice representing a fantastic local investment opportunity.

The practice enjoys long-term relationships with clients, including many since formation, with the top three clients generating annual fees of over £8 000 demonstrating the low risk levels associated with the portfolio.

The majority of clients are seen face-to-face with a service described as highly reliable, always available when required and timely, 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 the principle offers his services in a handover capacity to ensure a smooth transfer.

This practice is ideally suited for a larger practice that can bolt-on this GRF into their existing operations, thus increasing the bottom-line instantaneously or alternatively an individual starting out within the industry.

For more information please call 01765 698 699 and quote the reference number 30120 ask for Lauren Burnham

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