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Which is the advanced mobile apart from iPhone?
Additional Posts in Succession Planning: Buy/Sell Practice
Selling structured book of autocalls
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We're going to pay no more than 2X gross revenue. Add in the age of the book, duration of client relationships and the fact that markets might underperform for the next few years and that 2X goes down quickly.
I would be less than 2.o for a book with FIA.
2.5 recurring, 1.2 non-recurring rev.
If it's a tight practice in a solid location multiples get up into the 2.8 range.... Multiples and down payments have gone up with bank financing easily available now. I would agree with the FP Transitions comment
2-2.5 gross. FP Transitions does a really good practice evaluation considering all factors of client base.
Most advisory valuations are based off of revenue. Our averages for 2018 were 2.68x recurring and .88x transactional. Here is more information that may give you additional information: https://www.successionresource.com/2019-advisor-merger-acquisitions-annual-review/
We also provide credentialed valuations.
Hope this helps!
Mostly annual revenues.
2.2x annual rev? I did some research and found that...anyone else agree?
Most of the big boys look at a multiple of profits of practice...I think in the 4-7 times profit range. For advisory, tends to get to 2-2.3x but it can vary dramatically practice to practice so most strongly advise against using rules of thumb.
Start with 5X EBITDA.