Tweed Heads, New South Wales 2485
Southern Gold Coast Law Firm - Under Contract
Under Offer | Under Contract / Offer
The business is predominantly a Family Law practice with some Commercial Litigation and Wills and Estates work. As one partner moves to retirement, the other proposes to stay one in the practice providing support and consistency for a new owner.
This acquisition opportunity would be an ideal businesses for city based solicitors looking to escape the rat race or to other legal businesses looking to expand their existing revenue stream or add a new line of business with minimal additional overhead.
Gross fees average for the past 4 years exceeds $1,250,000 per annum, whilst the average partners profit (PEBIT) for the corresponding period was circa $450,000pa
This business has become the leader in its field and has experienced, educated and licensed personnel in place who have consistently delivered a high level of service for their long term clients who generate ongoing repeat work for the business. There are greater than 2000 validated client security packets held containing client documents such as wills, titles, power of attorney, leases and other documents.
The office is ideally located close to the local CBD and ample free parking nearby. The lease is currently on a rolling 3 month option which affords the buyer the option of a new lease or re-location of the practice. At 300m2 the business has ample room for the current two solicitors and support staff plus room for expansion. The surrounding area houses retail, restaurants, eateries and professional offices.
This outstanding opportunity to acquire a well established and high quality law firm will not last. Priced to sell quickly at just $290,000 plus Work in Progress (approx $185,000)