Current turn over circa: £ 60,000

Offers over: £ 80,000

Established: 10-1 years

Gross Recurring Revenue: 50-70k

Number of staff: 0-1

Locations: Stoke on Trent,Wolverhampton,Birmingham

Additional Notes:
My client, a well-established practice of approaching 10 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 exiting proprietor is committed to being flexible with regards to an acquirer’s needs in terms of a handover and offers the relocatable practice without employees, resulting in minimal stress for an acquirer.

The GRF is generated from a portfolio of around 100 client relationships with the majority of clients residing in the Birmingham, Stoke-on-Trent, Wolverhampton and surrounding areas. 85% of the portfolio are medically related clients with the remaining 15% comprising of general practice clients.

The practice enjoys long-term relationships with clients, including many approaching 15 years, with the top five clients generating annual fees of over £25 000 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 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 progress the firm to the next level of growth and development. This proprietor is looking for a practice with experience in handling medical sector clients as well as one that offers after-hours support to look after the clients when required.

For more information please call 01765 698 699 and quote the reference number 30059

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