Summary
Annual sales of $2.7M + Annual profit of $650K + Amazing opportunity to acquire a highly profitable growing business. Giving advisors the expertise they need to provide quality advice.
Revenue
$2,763,000 pa
Rent
$0 pa
Expenses
$1,938,000 pa
Net Profit
$825,000 pa
Location Details
Currently servicing all businesses located in Australia and the ability to service similar businesses globally.
Potential
There is growing demand for financial planning services across the board in Australia, and many financial advisors and planning firms are looking for ways to enhance the quality and efficiency of their service. Planning firms are looking for ways to reduce costs and improve efficiency. Our business offers a cost-effective solution by providing support on a project-by-project or part-time basis, without having to hire a full-time employee.
Skills
The owners are currently responsible for leading and managing the business, some of the key skills that the new successful business owner-manager should possess include:
Leadership: The ability to inspire, motivate, and guide contractors to completing their work on time.
Strategic thinking: The new owner-manager must be able to think strategically and make decisions that will drive the company forward.
Financial management: The new owner owner-manager must have strong financial management skills, the ability to manage strong cashflows.
Hours
The current operating hours are 9am to 5pm AEST
Lease
No physical premises are required as the business operates from home.
Employees
There are no employees, the business is currently run by a husband and wife team with contractors completing the jobs.
Reason for Sale
The current owners would like to take a change in direction and wish to see the business sold to a focused, dedicated owner who can take the business to the next level.
About the Business
We are Australia's largest contract Paraplanning business that connects financial advisers with the best Paraplanners in Australia, the business brings efficiency & cost-savings of contract Paraplanning in an easy-to-manage approach for Advisers and their licensees.
We provide support services to financial advisors and wealth management firms. Our role is to assist the financial advisor in the development and preparation of financial plans for clients and provide administrative support to help practices focus on spending time in client facing roles.
The tasks we complete include research and analysis of financial products and strategies, preparation of presentations and reports, and ongoing monitoring and review of client portfolios. We provide the financial advisor with high-quality support that enables them to focus on developing and maintaining relationships with clients.
Our business operates on a freelance or project-by-project basis, providing services to multiple financial advisors or wealth management firms as needed. This allows the business to be flexible and respond to the changing needs of its clients, and to provide cost-effective support to financial advisors who may not have the resources to employ a full-time paraplanner.
Overall, we provide a highly valuable resource for financial advisors and wealth management firms, providing them with the support they need to grow their businesses.
History
Founded in 2004 the business has grown to become Australia's largest outsourced contracting business supporting Financial Advisers and Licencees.
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