GOLD COAST - PRICED TO SELL FOR RETIREMENT!
Location : CENTRAL GOLD COAST
Ref#: LRL 01
Price : $130,000 Plus WIP
Gross Fees: $400,000 p/a
Description: The practice has been established since 2008 and is now being offered for sale for the purpose of retirement. It is predominantly a Family Law practice with some Commercial Litigation and Wills and Estates work. Gross fees are in a range of $400k to $650k per annum and the profit (PEBIT) for the 2018 financial year was approx $185,000. The projected profit for the 2019 financial year is approx $130,000 due to the Principal reducing his workload in preparation for retirement.
GOLD COAST - NORTHERN END
Location : GOLD COAST
Ref#: GCN 01
Price : $425,000 Plus WIP
Gross Fees: $850,000 p/a
Description: Established over 40 years, the Principal is now ready for retirement. The practice is well located at the Northern end of the Gold Coast strip in a strong commercial area and handy to the Courts. The work is mainly Family Law with some Litigation, Wills and Estates and Personal Injury. Gross fees are typically in the range of $800,000 to $1,000,000 with a three year average profit (PEBIT) of $354,000. The Seller is prepared to assist the Buyer with a smooth transition of the goodwill of the practice.
COUNTRY PRACTICE - SOUTH EAST CORNER OF QLD - PRICE REDUCTION!!
Location : COUNTRY TOWN - QLD SOUTH EAST - 1 HOUR FROM BRISBANE COURTS
Price : $120,000 Plus WIP
Gross Fees: $580,000 p/a
Description: Well established country practice just one hour from all the main law courts. The business was established by the current Principal who now wishes to retire. Work is primarily Family Law, Wills and Estates and some other miscellaneous matters. The practice employs the Principal as well as several experienced support staff. Gross fees for 2018 over $580k with a profit (PEBIT) of approx $178,000. The Seller is prepared to remain for some time after the sale to assist in the smooth transition of the clients and goodwill to the buyer.
LAW PRACTICE - BRISBANE CITY FRINGE
Location : BRISBANE CITY FRINGE
Ref#: LAW 14
Price : $600,000 Plus WIP
Gross Fees: $1,455,000 p/a
Description: City fringe practice established 40 years. Gross fees for the 2018 financial year were $1,455,000 with an adjusted nett profit (PEBIT) of approx $587,177. Work is General Practice mix of Commercial, Family, Conveyancing, Wills and Estates etc. The seller is prepared to remain for a period if required.
GENERAL PRACTICE - GOLD COAST
Location : GOLD COAST
Ref#: LAW GC02
Price : $250,000 Plus WIP
Gross Fees: $900,000 p/a
Description: Gold Coast General Practice established for nine years with the Principal now ready to transition towards retirement. The work includes Conveyancing, Commercial Law, Family, Wills & Estates etc. Gross fees are in a range of $860k - $900k per annum with a 2018 profit of $235,000.
Location : BRISBANE - THREE LOCATIONS
Price : $197,000
Gross Fees: $890,000 p/a
Description: This is a well established and respected Family Law practice and is now being offered for sale for the purpose of retirement. The work is predominantly Family Law with some Wills and Estates and Mediation. The practice employs two solicitors as well as the Principal and two support staff. Gross fees for 2018 were $891,000 with a profit of $196,695 (PEBIT). The seller is prepared to assist in a seamless transition of the business to retain the goodwill and existing clients for the buyer.
Location : BRISBANE SOUTHSIDE
Price : $275,000 Plus WIP
Gross Fees: $880,000 p/a
Description: This is a long-established and respected general practice and is now being offered for sale for the purpose of retirement. The work is a mix of Residential and Commercial Conveyancing, Wills & Estates, Family Law and Commercial Law. Gross fees for 2018 were $885,000 with a profit of $204,000 (PEBIT). The sellers are prepared to assist in a seamless transition of the business to retain the goodwill and existing clients for the buyer.
CONVEYANCING PRACTICE - BRISBANE SOUTHSIDE
Location : SOUTHERN SUBURBS
Price : $170,000 Plus WIP
Gross Fees: $500,000 p/a
Description: Well established Conveyancing Practice on Brisbane\'s Southside. Gross fees for 2018 were approx $1,283,000 which comprised of $501,000 in fees and $781,000 in Disbursements. Profit for 2018 was $255,661 PEBIT. The current 2019 financial year performance has been affected by the seller\'s necessity to have time off due to health reasons. The seller states that the 2019 financial year performance is expected to result in a profit of around $170,000 PEBIT. The practice has therefore been priced at 1 times the expected 2019 PEBIT.
BRISBANE CBD PRACTICE
Location : BRISBANE CBD
Price : $1,050,000 Plus WIP
Gross Fees: $2,750,000 p/a
Description: Well established Brisbane CBD firm with gross fees in the range of $2,750,000 per annum with a profit (PEBIT) of around $640,000. The practice employs several solicitors and the work is a mix of Commercial, Property and Litigation. There is a short lease period remaining which gives the buyer the option of either a new lease or re-location of the practice. The Partners are prepared to offer all assistance in the transition period and beyond, as required by the buyer.
Location : BRISBANE\'S NORTHERN SUBURBS
Price : $245,000 Plus WIP
Gross Fees: $1,000,000 p/a
Description: This is a well-established General Practice located on the Northside of Brisbane. The work is a mix of Residential and Commercial Conveyancing, Wills & Estates, Family Law and other general work. Gross fees average approximately $1,000,000 per annum with a net profit (PEBIT) for 2018 of $214,000. The seller wishes to retire but will remain long enough to ensure a smooth transition of the client base and goodwill of the practice.