LAW PRACTICE

Ref#: SOLD

Location: MORETON BAY SHIRE

Price: $95,000 plus WIP

Gross Fees: $180,000 p/a

The firm was established 5 years ago by the current Principal. There are personal reasons for the sale; however, the Seller is prepared to consider a reasonable hand-over period to assist in the transfer of goodwill. The majority of fees are earned from a mix, (in almost equal parts) of Commercial / Leasing, Estates, Wills & Powers of Attorney, Conveyancing and Family Law. The practice generally refers any Litigation matters to other solicitors. The Seller states that there is ample opportunity for expansion by retaining and acting on litigation matters. Approximately 395 files were opened during the 2012 financial year and there are currently around 84 open files and around 355 secure packets held. The practice employs the Principal, one full time Legal Secretary, one part time Bookkeeper and one part time Town Clerk. This sale represents an excellent opportunity as a first business venture with a strong level of support being offered by the Seller to ensure a seamless transition of ownership. It is also ideal as a possible branch office for a larger practice seeking a presence in an area with good growth prospects or as an expansion opportunity for local firms seeking growth.
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