Internal Ref: RN 649
Summary
Assisting Directors and Executive teams to enhance their awareness of the full extent and nature of risks within their businesses in the context of the planned business growth strategy.
Revenue
$1,243,000 pa
Rent
$5,000 pa
Expenses
$979,000 pa
Net Profit
$259,000 pa
Location Details
Executive office
Potential
Business can be run by a professional manager operating in the financial services industry who is capable in marketing and administering clients and new work.
Ideal bolt-on to an Accounting Practice or Legal Practice looking to add additional services.
A comprehensive sales, marketing, and advertising strategy with a conservative ROI would undoubtedly assist in promoting additional sales.
Business can be expanded to new areas outside the current specialized consulting areas.
Skills
Ideally suitable to someone with a strong banking or financial background.
Hours
Monday to Friday 9 am to 5 pm
Lease
Monthly
Employees
There are 8 contractors who work for the business.
Reason for Sale
Retirement
About the Business
Established in 2010, this company has developed a track record assisting Directors and Executive teams to enhance their awareness of the full extent and nature of risks within their businesses in the context of the planned business growth strategy. At the foundation of its success is its reputation for assisting organisations to establish robust risk management frameworks to manage risks, and to do so with a pragmatic interpretation of domestic and international regulatory requirements.
The principal categories of the business include:
Risk appetite and risk strategy setting and reporting;
Governance;
Assurance, including regulatory and strategic reviews;
Establishing risk frameworks and their implementation;
Commercial Credit Risk Training; and
Business optimization reviews
Key Features:
A trusted and recommended consulting practice specialising in risk management since 2010, serving mainly the financial services industry.
It has an incredible history and library on which they can draw if needed.
The current partners still operate in the business and are may be prepared to remain in the business to ensure a smooth handover and transfer of goodwill over a negotiated period.
Known as a “market leader” for expert knowledge in the risk management area for financial services businesses and with excellent and superior ability in this area.
Fully licensed and Professional Liability and Public Liability Insurance is in place.
Experienced staff and contractors who are all self-sufficient and work independently- there are no staff or employees and thus there are no employee obligations.
Excellent systems in place which enable the contractors to pick up and establish contact with clients in a short time. Efficient management controls are in place.
Excellent blue chip client base with a long history of loyalty- mainly financial institutions.
Outstanding history of growth and stability - tax returns available for due diligence.
This opportunity is ideally suited to an individual with a strong banking or financial background or as an "add-on" to a business in financial consulting.
History
Established in 2010 to add value to Australian financial services organisations by leveraging the expertise of senior risk practitioners with decades of experience in major Australian banks. In keeping with this approach, the founding partners are still involved in the business today.
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