Total of 18656 firms and businesses for sale today Saturday 27th April 2024
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Business For Sale. Investment Banking Firm

LISTING DETAILS
Firms For Sale ID:
10498
Vendor reference:
877583
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,800,000  
Turnover / revenue:
$390,000
Net profit / cashflow:
$750,000

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
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 26; 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, CPA60;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 24;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 24;750,000 and is in a growth mode. Company is selling for 24;1 .8 million for 100%; ownership, though owners will prefer a phased stock purchase agreement from a buyer that brings 24;250,000 down and seller to carry note to close an immediate partner interest. Owner Cash flow is projected to be greater than 24;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.