A successful (Sydney based) FP group is looking to acquire a book of business preferably in Sydney, but would consider opportunities in ACT or within 100Km of CBD.
This buyer is highly experienced with extra capacity to service, grow and maintain FP businesses.
Annual income range of interested ideally up to 800K+
Income would be made up of:
- Fee for service
- Insurance renewal commissions
- Annual consultative work
- Total annual Income. Up to $1M.
Methods of fee payments by clients – Platform or cashflow.
Interested in up to 250 clients/family groups for acquisition.
Client base types sought are: PAYG, Professionals, Retirees, Accumulators/Asset builders, Mums & Dads, Tradies, SMSF’s, Superannuation clients, Small business and Family oriented groups.
Main insurance product providers interested in:
| TAL | AIA | Onepath | Zurich |
| Comminsure | Colonial | MLC | Asteron |
| Macquarie | BT | AMP/AXA heritage | |
The buyer is currently using XPlan and Office 360 and the following platforms: BT Panorama, Netwealth, HUB24, Macquarie Wrap.
Strong referral partners an advantage.
FUM required is ideally for clients with more the $500K is desirable.
The buyer would consider valuations of up to 3.0 times recurring revenue or more for an outstanding opportunity and cultural fit.
Depending on contributing factors, the buyer would pay up to 85% of agreed purchase price upfront.
Ideally they would like the vendor to be available for up to 2 years to assist with migration, but would consider all options offered.
They would also be in a position to provide the vendor with ongoing employment if appropriate, and if the vendor wishes to continue to service clients. They have offered this previously and it would be a consideration for the right person.
Very happy to work with any vendor that may wish to pursue a merger opportunity rather than an outright sale.
Finance is arranged to move potential acquisitions forward quickly.
The buyer is willing to talk attractive terms for the purchase with an upfront investment, reasonable handover protocols and standard run off provisions.
Finance ready to go for the right partner.
For more information and a prompt introduction please call Jim Prigg on 0408 520 453 or jim@knowledgemaster.com.au