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Asking Price
£352,000
Description
This is a extremely profitable head hunting recruitment business.
The business, which was founded by our client in 2005, is only now being reluctantly offered for sale to enable him to pursue an alternative business venture in sports psychology.
Our client specialises in the recruitment of independent financial advisors for a national company, which provides whole of market advice, structure and complete compliance and technology services across the UK and is supported by Standard Life, who is one of the UK's largest insurance companies.
Our client only works approximately 2 or 3 days per week and in the last 12 months achieved annual sales of circa £142,000 with minimal overhead spend.
Our client is prepared to work with or for a new purchaser to effect a smooth transition and to ensure the business remains successful.
It is envisaged that in approximately 4 years time, the head company is planned to float on the stock exchange. If this was so it has been agreed that each of the recruiters would benefit by approximately £1 million each, provided that they recruit a minimum of 20 IFA's per year over that time. Any increase over 20 per year, the benefit would be apportioned greater.
REF: 8960WR
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