North East based acquirer looking for quality practice - budget to £6,000,000

Up front budget: £3,000,000

Current turn over circa: £35,000,000

Cash offer: Up to 6x EBITDA

Established since: 1980

Additional Notes: - Well established firm coming to the market with a view to further developing their North East presence and will pay a premium of 50% upfront on day one and up to 6x EBITDA

- This group offer you the opportunity to stay on and form part of their team, protecting your goodwill throughout the earnout period and giving you the flexibility to gradually exit from the practice

- My client is eager to retain your branding, office location and staff ensuring the ultimate continuity for all involved and giving you peace of mind your team will be well looked after and offered the opportunity to develop in a larger practice

This purchaser is eager to meet with firms that loosely match the following criteria:
- Turnover of £1,500,000+
- Full team in place, ideally with a management structure
- Profitability of 25%+
- Principal happy to stay on for a minimum of one year

For more information please call 01765 698 699 and quote the reference number 180870