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Business For Sale
INVESTMENT BANKING FIRM
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Asking Price: |
$1,800,000
USD USA Dollars
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Business for Sale Industry: |
Services: Financial, Accounting, Insurance
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Reason for Selling:
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To take the firm to the next level. |
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Year Established:
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1999 |
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# of Employees:
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10 |
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Yearly Cash Flow:
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$390000 |
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Yearly Gross Income:
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$750000 |
Business for Sale Overview:
Wall Street Bankers LTD (Pseudonym) is a growing national investment banking firm. Clients are public firms, private firms, and emerging growth companies coast to coast. Services offered include Merger & Acquisitions, Financing, Going Public Transactions, and Various Consulting and Advisory Services. The company also has a bridge fund. Payment for services rendered comes from retainers and success fees in cash and client stock. Referrals come from large investment banks, CPA`s, Attorneys, industry Professionals, Advisors, and finders coast to coast.
The Partners want to bring in a new CEO Owner Partner that will help grow the company to the next level. The ideal partner candidate will be an experienced Investment banker with excellent referral sources, have a liquid net worth of $2 million or more, be a great leader, be great at operations, be ambitious, and have five years or more of progressive experience in investment banking. If the individual has series 7 and series 24 licenses, great, though personnel in place at the firm has those required licenses. The firm does have the coveted Broker Dearer Financial Industry Regulatory Authority license in place.
For 2007 the company has preliminary just released draft FYE revenue from fee income and public company share grants for services as of 12-31-2007 of over $750,000 and is in a growth mode. Company is selling for $1 .8 million for 100% ownership, though owners will prefer a phased stock purchase agreement from a buyer that brings $250,000 down and seller to carry note to close an immediate partner interest. Owner Cash flow is projected to be greater than $390,000 for 2007 on a prelim basis. The new CEO/Partner will need to put in place a plan to take the company to the next level to keep the attention of the current partners and employees. Partners love what they do will stay with the company, and are looking for you. Projected chemistry with the team in place will be essential.
All information is highly confidential, and buyer candidates will need to show that they have the experience and the capital in place to do the transaction prior to the disclosure of any information.
For more information, please contact Lonnie Langdon at (310) 539-8300.
Property Features and Assets:
2,500 sq. ft.
Rent = $5000/month
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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