SOUTH EAST QLD REGIONAL CITY - NORTH OF BRISBANE
Location : Regional City
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.
GOLD COAST - SOUTHERN END
Location : Gold Coast - Southern End
Price : $375,000 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 $375,000 to facilitate a quick sale due to health reasons.
GENERAL PRACTICE NORTHSIDE
Location : Northside Brisbane
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.
COMMERCIAL & CONVEYANCING - SUNSHINE COAST
Location : Sunshine Coast
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 + Freehold (Optional)
Location : BRISBANE NORTHERN SUBURBS
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.
FAMILY LAW - BRISBANE NORTHSIDE
Location : BRISBANE NORTHSIDE
Price : $199,500 Plus WIP
Gross Fees: $680,000 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 with a profit (PEBIT) to the working Principal of approximately $252,000.
GOLD COAST - NORTHERN END
Location : GOLD COAST
Ref#: GCN 01
Price : $326,000 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 - FREEHOLD AVAILABLE
Location : GOLD COAST
Ref#: LAW GC02
Price : $250,000 Plus WIP + Freehold Optional
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 2018 profit of $235,000. The practice employs the Principal as well as two solicitors and four support staff. The buyer of the practice has the option to either lease or purchase the office freehold at a price of $575,000
OUTBACK QLD PRACTICE + FREEHOLD
Location : FAR WESTERN QUEENSLAND
Ref#: LAW PW001
Price : $170,000 Plus WIP - Freehold: $150,000 + GST
Gross Fees: $670,000 p/a
Description: This practice is located in a thriving outback town and deals in both law and tax accountancy. The legal work is comprised of approximately 30% Conveyancing, 30% Estates, 15% Family Law and the balance is made up of some crime, debt collection, minor litigation etc. The tax accountancy portion of the business is operated by the two employed accountants and can be sold separately if the buyer wishes to just purchase the law practice.
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.