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SUNSHINE COAST - NORTHERN END

Location : Northern End of Sunshine Coast

Ref#: SC-02

Price : $100,000 Plus WIP

Gross Fees: $400,000 p/a

Description: Established by the current Principal 36 years ago. Now ready for retirement. This is a practice which would suit a Sole Practitioner or an established firm seeking a branch office on the Sunshine Coast. The areas of work are approximately 60% Wills & Estates, 20% Conveyancing, 20% Commercial and 20% Leases and Miscellaneous. The practice employs the Principal as well as five staff including an Office Manager, Bookkeeper, Conveyancers and a Receptionist. Gross fees over the past three years have been in the range of $400,000.

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REDLANDS SHIRE LAW FIRM FOR SALE

Location : Redlands Shire

Ref#: RED-01

Price : $279,900 Plus WIP

Gross Fees: $1,162,000 p/a

Description: Redlands Shire practice established since 1999 and with the current owner since 2004. The success of the business now offers the owner early retirement. The work is primarily Conveyancing with approximately 100 to 120 residential settlements per month. Other work includes Wills, Estates, EPAs, Commercial Business sales and Leases. The practice holds around 2,100 safe custody files and has approximately 150 to 200 active files at any time. The business employs the Principal and seven well established staff in a range of casual and full time positions. Gross fees for the past three years have been in the range of $1.1mil to $1.3mil with a Proprietors Earnings Before Interest and Tax (PEBIT) of around $230,000 for the 2020 financial year and a three year average of approx. $249,000. This practice offers an ideal opportunity for a sole practitioner or larger firm seeking a branch office in the Redlands.

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GENERAL PRACTICE NORTHSIDE

Location : Brisbane Northside

Ref#: BN01

Price : $215,000 WIP Included

Gross Fees: $450,000 to 650,000 Range p/a

Description: Brisbane Northside suburban General Practice established for 35 years. Seller is now ready to retire. New lease available at $1,100 per week inclusive GST and Outgoings. Work includes Conveyancing, Wills and Estates, Commercial, Family, Crime, Leases etc. Annual gross fees are typically in the range of $450k - $650k per annum. Three years average profits of approx. $220,000 (PEBIT). The Seller is willing to remain as a consultant to the practice if required. The practice employs the Principal full time as well as a Secretary, full time Law Clerk, and Bookkeeper one day a week.

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GOLD COAST - GENERAL PRACTICE

Location : Gold Coast

Ref#: GC04

Price : $250,000 Plus WIP (Freehold available if required)

Gross Fees: $700,000 p/a

Description: Gold Coast General Practice established over 35 years, 10 years with the current owner who is now seeking to retire. Work includes Family, Wills and Estates, Conveyancing, Commercial, Business Leases and Litigation. There is no Legal Aid work performed. The practice employs the Principal, 3 solicitors and two Clerks. Gross fees for the 2020 financial year were approx $700,000 with a profit (PEBIT) of approx $320,000. The seller is prepared to offer a lease to the buyer or the opportunity to purchase the freehold if that is preferred.

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SOUTH EAST QLD REGIONAL CITY - NORTH OF BRISBANE

Location : Regional City

Ref#: SEQ-03

Price : $285,000 Plus WIP

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

Description: This General practice was established in its current location in 1984 and is now being offered for sale for the purpose of retirement. It is located in a thriving regional city to the North of Brisbane and is the dominant practice in the area. Work includes Wills and Estates, Conveyancing, Family Law, Litigation, Criminal Law, Property and other matters. There are employed solicitors and experienced, long term support staff in place. The annual gross fees are in a range of $1.3mil to $1.4mil per annum with a 2019 profit $242,000 (PEBIT). The sellers are prepared to remain in an employed capacity for a reasonable period, post sale, if required.

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GOLD COAST - SOUTHERN END

Location : Gold Coast - Southern End

Ref#: GCS-02

Price : $325,000 Plus WIP (PRICE REDUCED)

Gross Fees: $783,900 p/a

Description: This practice was established in 2012 and specialises in several areas of litigation including Compensation Claims, Professional Negligence, Estate Litigation and some other miscellaneous work. The seller is now ready to retire but is happy to remain for a period post sale, if required, to assist with the smooth transition of the goodwill of the practice to the buyer. The lease is currently on a month to month basis which affords the buyer the option of a new lease or re-location of the practice. Gross fees for the past three years have been in a range of $730k to $990k. Gross fees for 2020 were $783,900 with a profit (PEBIT) of approximately $552,000. The price has been reduced from $450,000 to $325,000 to facilitate a quick sale due to health reasons.

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FAMILY LAW - BRISBANE NORTHSIDE

Location : BRISBANE NORTHSIDE

Ref#: BNF-01

Price : $149,000 Plus WIP

Gross Fees: $450,000 p/a

Description: The firm was established 26 years ago by the current Principal who is now seeking to retire. This is a specialist practice with approx. 95% of fees generated from Family Law and the remaining 5% from Wills and Estates. Gross fees for the 2019 financial year were $689,000. Gross fees for the 2020 year to 11th of May are $422,000 with a profit (PEBIT) to date of approx $80,000 to the working Principal.

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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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COMMERCIAL & CONVEYANCING - SUNSHINE COAST

Location : Sunshine Coast

Ref#: SC-01

Price : $225,000 Plus WIP

Gross Fees: $660,000 p/a

Description: This is a property and business-based practice established on the Sunshine Coast for nine years. The Seller is now planning a career change; however, he has indicated a willingness to remain in the practice for a reasonable period to assist with the transfer of goodwill if the Buyer wishes him to. Work is Conveyancing and Commercial. Annual gross fees typically in the $660k - $780k range. The 2019 Adjusted Profit (PEBIT) was approximately $195,000. Ideal opening for someone seeking their first business opportunity or a local established firm looking for growth.

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GENERAL PRACTICE - NORTHSIDE + Freehold (Optional)

Location : BRISBANE NORTHERN SUBURBS

Ref#: BB01

Price : $99,500 + Freehold (Optional) $240,000

Gross Fees: $530,000 p/a

Description: This is a long-established Law firm, part of which is now being offered for sale for the purpose of retirement. The work consists of Conveyancing, Wills & Estates and Powers of Attorney, Commercial, Family etc. Gross fee range is $530k to $580k with a three year average profit (PEBIT) of $203,000.

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Testimonials

Over the period of months from listing to sale of my Family Law practice I was very appreciative of Peter's helpful advice all along the way and particularly when difficult decisions had to be made quickly. Peter's experience was clearly evident from the beginning in guiding the negotiations. He has the ability to do so without intruding in vital direct information exchange between Buyer and Seller. I was extremely happy with the outcome which I believe was the very best in all circumstances.
Nita Stratton-FunkNSF Solicitors
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
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
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
“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!
Jon Hulett
"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
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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