We have known Fred for many years and when he finally decided to retire and asked us to help him find the right person to acquire his business, we were only too happy to help. We are not business brokers per se, but knowing Fred and his risk based business well, we felt confident that we could help him.
The benefits we provided to Fred:
- We were able to tap into our wide network and ascertain the level of interest.
- We put together an Information Memorandum, to best present his business and included purchaser’s requirements (compliance reports, financials and staff details)..
- We conducted a series of meetings with prospective purchasers before finally calling for offers of interest. We then attended meetings with both Fred and the interested parties to ensure objectivity of discussion.
- We provided guidance as to ‘best fit’ and have subsequently helped Fred to finalise the sale.
What our clients said:
“Apart from the technical nature of this project, I think that both Rod and Terry gave me the necessary objectivity I needed to move through the sale process. Given I was a sole practitioner who had held his own AFSL for almost 20 years I certainly appreciated their ongoing support and direction.”
Outcome: a successful sale in an extremely competitive market. We were also able to secure placement for Fred’s practice manager with the purchaser.