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LAW PRACTICE - FAR NORTH QLD

Location : FAR NORTH QLD

Ref#: LAW 015

Price : $190,000 plus WIP

Gross Fees: $770,000 p/a

Description: North Qld practice established in 1981. Work mix is Conveyancing, Personal Injury, Wills and Estates, Family Law, and Criminal Law. Two partners and two employed solicitors, one conveyancer and three admin staff in place. One Partner is ready to retire, the second Partner is prepared to consider remaining at the practice in some capacity if required to do so.

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LAW PRACTICE - WESTERN SUBURBS

Location : WESTERN SUBURBS

Ref#: SL01

Price : $70,000 Inclusive of WIP

Gross Fees: $388,000 p/a

Description: Western Suburbs practice established since 1999 by the current Principal. The mix of fees includes Residential Conveyancing, Family Law, Wills and Estates and Enduring Powers of Attorney, Business Leasing etc. The Practice grossed approx $388,000 during the 2018 financial year. Most of the work is performed by the employed solicitor and conveyancer. The Principal states that the profit of the practice could be substantially improved if the buyer chose to take on more of the file workload and reduced the existing wage costs.

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TOOWOOMBA LAW FIRM FOR SALE

Location : TOOWOOMBA

Ref#: TO1

Price : $230,000 Plus WIP

Gross Fees: $600,000 p/a

Description: The firm was established approx. 20 years ago by the current Principal who is now seeking to retire. The mix of work includes Wills and Estates, Conveyancing, Commercial, Family, Litigation and other general work. Gross fees are in the range of $500k to $600k per annum with a three year averaged profit (PEBIT) of circa $194k. A suitable hand over period will be provided to assist with the smooth transition of the client base.

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GOLD COAST LAW FIRM

Location : SOUTHERN END OF GOLD COAST

Ref#: CG01

Price : $60,000

Gross Fees: $300,000 p/a

Description: The firm was established 21 years ago by the current Principal who is now seeking to retire. The mix of fees include Wills, Estate Administration, POA, Conveyancing, Commercial, Leasing, and other general work. Gross fees circa $300,000 per annum. A suitable hand over period will be provided to assist with the smooth transition of the client base.

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CONVEYANCING 100% - SOUTHERN END OF GOLD COAST

Location : SOUTHERN END OF THE GOLD COAST

Ref#: CONV01

Price : $95,000 Plus WIP

Gross Fees: $400,000 p/a

Description: Conveyancing business for sale at the Southern end of the Gold Coast. Established 14 years. Owner wishes to retire. Highly experienced staff in place. Averages 28 settlements per month and would make an excellent addition to an existing practice. Gross fees circa $400k for a profit of around $75k

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SUNSHINE COAST

Location : CENTRAL SUNSHINE COAST

Ref#: SOLD

Price : $550,000 Plus WIP

Gross Fees: $1,300,000 p/a

Description: This is a well-established and respected property-based practice located in the thriving and picturesque Central Sunshine Coast. The work is a mix of Residential and Commercial Conveyancing, Leasing, Wills & Estates and other Commercial work. The seller is willing to remain long enough to ensure a smooth transition of the client base and goodwill of the practice to the buyer. Gross fees are over $1.3 million per annum with a profit (PEBIT) in 2017 of approx. $500k

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LAW PRACTICE - SOUTHSIDE

Location : BRISBANE - SOUTHSIDE

Ref#: SOLD

Price : $295,000

Gross Fees: $900,000 p/a

Description: General Practice established over 30 years. Selling now for the purpose of retirement. The work is a mix of Wills & Estates, Family, Residential & Commercial Conveyancing and Commercial Law. Gross fees for 2017 were approx $900,000 for a profit (PEBIT) of $244,000.

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LAW PRACTICE - NORTH COAST REGIONAL CITY

Location : North Coast Regional City

Ref#: LAW G01

Price : $110,000 Plus WIP

Gross Fees: $275,000 p/a

Description: Long established and respected name in a regional city. Excellent first practice or add-on to a local firm. The seller operates approx 3 days per week in a low cost serviced office environment with no staff. The work consists of Estate Planning & Administration, Commercial, Local Government and Litigation. The seller states that Conveyancing and Family Law enquiries are regularly referred away and this would represent an excellent growth opportunity for the practice if the buyer chose to expand the scope of work performed. Gross fees in 2016 were $275,000 with a profit (PEBIT) of $207,000

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LAW PRACTICE - GOLD COAST

Location : Gold Coast

Ref#: LAW TH01

Price : $175,000 Plus WIP

Gross Fees: $500,000 p/a

Description: Gold Coast practice established in 1998 and dealing in Family Law, Wills and Estates as well as Domestic and Commercial Conveyancing. The practice employs the Principal as well as one full time Solicitor and support staff. The seller is prepared to remain for a reasonable hand over period to assist in the transfer of the goodwill and has expressed a willingness to remain involved in the practice post sale if required by the buyer. Gross fees are in the $500,000 range with a profit in 2017 of approx $140,000.

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LAW PRACTICE - BRISBANE NORTHSIDE

Location : BRISBANE - NORTHSIDE

Ref#: SOLD

Price : $235,000 Plus WIP

Gross Fees: $730,000 p/a

Description: Northside law practice established 1997. Current owner since 2009, now retiring. The work consists of Conveyancing, Family Law, Business & Commercial, Litigation and Wills & Estates. Gross fees have grown consistently year on year with the 2017 financial year finishing at $730,000. The three year average profit is $185,086 with the 2017 financial year profit (PEBIT) at approx $236,000.

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Testimonials

  • "Peter is knowledgeable in the running of legal firms, business in general and marketing and therefore a seller can totally rely on him to guide them through the intricate process of selling their law firm in a most professional manner. From a "thoroughly happy seller!"
    —Patricia Olsen
  • “Peter supported me throughout  a tortuous fifteen month process involving several disappointments along the way. He was grounded, supportive and diligent in following up with prospective purchasers. His great value to me was in setting an attainable and favourable price and convincing buyers that the market would support such a price, despite the advice that Buyers were apparently receiving from their Accountants.” Thanks again and kind regards Jon Hulett
    —Jon Hulett
  • I found Peter's logical analysis of the value of a law practice to be of enormous assistance in establishing an appropriate benchmark  for sale and/or joint-venture (a new partner). His long-term experience as a business owner  means he understands what the issues in small business are all about. His knowledge and experience  is invaluable. Moreover, he is in it (and has been in it) for the long haul, so if it takes time to find what you want -or time to find a purchaser, he is there for you. 
    —John Bottoms
  • I just wanted to personally thank you for the great service you have provided. You score top marks for your continued efforts and determination to sell the practice, despite having some dubious buyers to contend with along the way.  I think a lot of brokers would have given up long ago.
    —Karen Hensler
  • Peter Davison at Lawbrokers recently assisted me in a complex and substantial transaction. I found his advice and guidance through some of the convoluted aspects of the deal to be invaluable and thank him for the benefit of his experience and insight. I would have no hesitation in recommending him to anyone looking for expert and friendly advice in the sale or purchase of a law firm.
    —Daniel Chang
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Peter Davison
P : 07 3398 81 40
F: 07 3041 0209
M: 0405 018 480
Mail: PO Box 570, Carina Qld 4152
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