Will Writing & Estate Planning For Sale

Business description

Will Writing & Estate Planning Business – South/South West
Established for over 8 Years –
Member of the Society of Will Writers -
Circa 2,000 Clients –
Repeat income from storage of Wills -
Ideal add-on Business –
Possibly of interest to someone with a background in the Legal or Financial Services Professions –
For Relocation -
Genuine Retirement Sale -


BUSINESS:
The business was established approximately eight years ago by the vendors to provide a confidential and personal Will Writing and Estate Planning service. This is not a franchise.

The vendors generate a significant number of leads by attending around 10 country shows each year, all within a 50 mile radius of their home. The leads are followed up after the shows using a tried and tested procedure and where appropriate forms are sent to clients and appointments made for home visits.

Other leads are generated by referrals from past clients and financial advisors. Additional work is gained from past clients wishing to have their Wills updated.

Currently on average around 20 Wills are written each month. Depending on the individual circumstances of a buyer, the number of Wills written could be substantially increased. The business has circa 2,000 clients, with a number generating repeat business.


WILL STORAGE:
To avoid Wills and ancillary documents being mislaid, stolen or destroyed, the business office a third party storage facility for clients. They are fully insured, and all documents are checked for signature & date and a receipt issued. The client receives a Certificate of Custody and an Executor identity card with a personal reference number which helps Executors and Trustees.

Approximately 50% of the Wills and associated documents that are written are stored for clients, which mean the number of Wills ‘stored’ increases each year, thus providing a growing, ‘passive’ income even without any new marketing activity. These documents will be transferred over to the new owner as part of the sale.

Included in the sale of this business is:

A commercial photocopier
6 Filing cabinets containing client files
Computer database
Standard letters & forms & instruction forms
2 Desks and various other items of office equipment
Prospect script
Display publicity
Show lists, including dates and booking procedures

Property information

Lease terms:

n/a

Location:

For Relocation

Other information

Expansion potential:

The sale offers an opportunity for a new owner to enter a profitable market, in constant demand, without the ties of a franchisor or the royalties they impose and, most importantly, with a large number of existing clients.

The vendors consider it most suitable for someone with a good personality and patience, who is prepared to ‘listen’ to their clients. It is anticipated that a buyer is likely to be upwards of 40 years of age, with a professional or service background. It could also be of interest to someone who already runs a complimentary business.

No previous experience, either legal or commercial is required to be a successful professional Will writer and, contrary to general belief, it is not necessary to use a solicitor to make a Will. No qualifications are required although we understand that new regulations are likely to be implemented at some future date.

Further income is generated by keeping in contact with clients on a regular basis and updating their Wills when necessary. However, additional income could also be generated by actually writing the Wills instead of using a third party.

Support & training:

If required appropriate training will be arranged by the vendors after Exchange of Contracts has taken place.

Reasons for selling:

Retirement

Trading hours:

Flexible

Contact the seller