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Business for sale in United Kingdom - Cg057-independent financial advisers (with national and overseas coverage)-east midlands
| Asking Price: | 795,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 807,000 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 2005 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business description
turner butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before. This dynamic and well managed company was established in 2005, although generic experience levels stretch back to the mid 1990’s. The company’s 3 proprietors have achieved a great deal in developing the business to its current level, and are well focused on the developing needs of the company towards new legislation i.e. The retail distribution review in 2013. The company has also structured itself for strong forward growth through the implementation of 21st century it support systems which include the “true potential” back office system and a portfolio management system which, in essence, provides them with a risk profiling mechanism tool. Amongst the company’s many benefits to a new owner are a 2,500+ client database and a growing £150,000 per annum commission trail. The company’s offices are currently located in a pedestrianised town centre in the east midlands, but dependent on the new owner’s plans, the business could easily be re-located. The company’s business is streamed through the work carried by its 9 independent regional & national ifa’s and its 3 internal ifa’s we feel that this opportunity will carry great interest for other perhaps larger ifa organisations seeking to improve their network and enlarge their database and recurring revenue streams. Equipment: the company owns and operates an inventory of office equipment and machinery etc. In the daily smooth operation of its business. All such inventory is expected to be included in a successful sales package. Key opportunities: bearing in mind the currently challenging economic environment, this business is growing a recurring income stream which must surely be the foundation from which the new owner can build forward for the future.
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | Full support and any necessary training will be provided during handover as part of a successful sale package. |
| Reasons for selling: | The Proprietors have now decided to place the business for sale, in order to focus on their newly developed Estate Agency business. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Current annual rent comes in at circa £14,000, with rates coming in at circa £5,000 per annum. |
| Location: | The business is currently located in shared leasehold premises, laid out over three floors, in this Town Centre position. The current lease runs until 2020 but has the benefit of a pre-agreement with the freeholders. Current annual rent comes in at circa £14,000, with rates coming in at circa £5,000 per annum. |
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