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Wills And Probate Practice Serving Plymouth And South Devon
Plymouth, Devon, South WestIdentity protected
Available
About this business
A wills and probate practice preparing wills, powers of attorney and estate administration for private clients in Plymouth and south Devon. The practice rents its office on a business estate, has seven staff, and the practice was formed in 2021.
Fee income has drifted down every year, from £872k to £740k, and adjusted EBITDA has followed, from £155k to £136k. Net profit is £104k. The practice holds a store of wills written for clients, which can lead to future estate work; the asking price is £600k.
Key investment highlights
- Wills, attorneys and estate administration
- Team of seven
- Adjusted EBITDA of £136k
- Asking price of £600k
Reason for sale
The owners are retiring and would like the will store to stay with one firm.
Read this before you enquire
MaterialRevenue going backwards and one client being too much of it are the two things that end most deals in due diligence. Both are shown here up front, from the figures the seller supplied.
- Revenue directionMaterial
Turnover is -15.1% against its 2021 peak.
- 2021: baseline
- 2022 (-4.7%)
- 2023 (-2.0%)
- 2024 (-4.3%)
- 2025 (-1.3%)
- 2026 (-3.8%)
- Peak 2021 to latest 2026: -15.1%
6 years of turnover, 2021 to 2026, as supplied by the seller.
- Client concentrationNot stated
The seller has not declared what share of revenue the largest clients represent.
No declaration supplied. Client concentration cannot be derived from accounts.
These are observations from the supplied figures, not a view on whether this business is worth buying. Nothing here predicts an outcome.
Computing valuation...
What happens next
Submit an enquiry to the seller. Once they approve it, you sign a non-disclosure agreement and gain access to the information memorandum, the financials and a secure deal room with the seller.