|
Mutual Fund Financial Planning Firm
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2007
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Seller wishes to remain on board as consultant or board member.
Reason for Sale Partial capital raise, expand AUM base, fully automate business processes.
Description Business Description
Ideal scenario is one large player or several small players combine to bring in the remaining $90MM of assets under management (AUM) by the time 1/1/13 rolls around; then the clock can start for the firm to have over $100MM in AUM come 1/1/17. This threshold is critical because once that amount is maintained for at least 4 years the larger institutional players in the industry will be more likely to take a look at this fund and growth can occur far more rapidly. Seller has flexibility in terms of deal structure and equity transferred to the strategic partners, however, this is not a simple acquisition by any Buyer who has capital.
Any acquirer will be required to bring in at least $15MM in AUM within the first 2 years, or a replacement partner will be brought in and the initial purchase price will be refunded for the transfer of equity to the replacement partner. There will be no claw-back on profits obtained throughout the duration any buyer owns part of the company. Purchase price of $1,500,000 is for complete buyout of Seller, however, the minimum commitment needed is $100,000 for the first strategic partner with the understanding they will bring in at least $15MM in AUM within the first 24 months. As more partners or a higher percentage of the company is sold off, the higher the price is for the remaining portion of the subject firm.
A litany of disclosures, spreadsheets, charts, due diligence documents, and all forms of presentations are on file for review for qualified Buyers who sign an NDA and are pre-screened by Ace Business Brokers as being a qualified buyer for this acquisition. If you cannot bring clients or AUM to this vehicle, please do not waste your time per Seller's very strict and specific directive.
Detailed Information
Facilities: Run out of commercial office, could be relocated easily.
Competition: Even with the whole Madoff fiasco, the Seller has still attracted nearly 1/6 of his target assets under man
Click Here To Contact Seller
|
|
