BRISBANE CBD - PERSONAL INJURIES
Location : Brisbane CBD
Ref#: PI-01
Price : $625,000 Plus WIP
Gross Fees: $900,000 p/a
Description: Brisbane CBD law firm practicing primarily in Personal Injuries as well as some Conveyancing and Wills and Estates. Gross fees for the past four years have averaged around $970k with the nett profit averaging over $600k. The seller is seeking a buyer to take over the entire practice as well as the lease of the premises and any equipment rental/lease agreements.
GOLD COAST - SOUTHERN END
Location : Gold Coast - Southern End
Ref#: GCS-02
Price : $325,000 Plus WIP (PRICE REDUCED)
Gross Fees: $770,000 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 with a 2019 profit (PEBIT) of approximately $493,000. The price has been reduced from $450,000 to $325,000 to facilitate a quick sale due to health reasons.
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.
GENERAL PRACTICE - MORETON SHIRE
Location : Moreton Shire
Ref#: MBS-01
Price : $265,000 Plus WIP Freehold Also Available
Gross Fees: $900,000 p/a
Description: This is a well-established Northside general practice and is now being offered for sale for the purpose of retirement. The work includes Conveyancing, Wills and Estates, Commercial, Litigation, etc. The practice employs the Principal, two conveyancers and three support staff. Gross fees are approximately $900,000 with a profit of around $240,000 (PEBIT) The freehold is also available at the Buyer\'s option. The Principal is prepared to work on in an employed capacity for a reasonable period post-sale if required.
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.
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.
GENERAL PRACTICE NORTHSIDE
Location : Northside Brisbane
Ref#: NS01
Price : $350,000 (Freehold Office & Home Optional)
Gross Fees: $650,000 p/a
Description: General practice established under this name in the local area for 34 years. Seller is now ready to retire. The practice and freehold home/office may be purchased separately or as a package. The practice occupies a purpose built office suite on the ground floor with a four bedroom residence above. The buyer may relocate the office if they wish or purchase both the business and home for $1,350,000. Work includes Conveyancing, Wills and Estates, Commercial, Family, Crime, Leases etc. Annual gross fees have increased slightly year on year with the range typically around $600k - $650k. Three years average profits of $285,000 (PEBIT). This is an excellent opportunity for someone re-locating to Qld or upgrading from an employed position to secure a practice and home in one.
GOLD COAST
Location : GOLD COAST
Ref#: GCN 01
Price : $295,000 Plus WIP
Gross Fees: $730,000 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 $730,000 to $1,000,000 with a 2019 profit (PEBIT) of $272,000. The Seller is prepared to assist the Buyer with a smooth transition of the goodwill of the practice.
GENERAL PRACTICE - GOLD COAST
Location : GOLD COAST
Ref#: LAW GC02
Price : $325,000 Plus WIP
Gross Fees: $800,000 p/a
Description: Gold Coast General Practice established for ten 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 $700k - $900k per annum with a projected 2020 year nett profit of around $290,000. The practice employs the Principal as well as two solicitors and four support staff.
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.