LAW PRACTICE

Ref#: SOLD

Location: QLD COASTAL CITY - North of Brisbane

Price: $70,000 plus WIP

Gross Fees: $449,000 p/a

The firm was established 34 years ago and has been in its current location since the premises were built in 1990. The reason for sale is a move towards retirement; however the Seller is prepared to consider a reasonable hand-over period to assist in the transfer of goodwill. The work performed consists of Conveyancing, Wills & Estates & Powers of Attorney with a small amount of Family and Miscellaneous work. The Seller states that there is ample opportunity for expansion into other areas of work if required. The practice is in a highly visible location on the main arterial road leading into town and is approx’ 2 kilometres from the Post Office. The site provides easy parking and convenient access for clients, away from the congestion and bustle of the town centre. This arrangement is especially attractive to the older clients of the practice. The practice employs the Principal, two full time Conveyancers and one casual Accounts 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 with the added cost savings benefits associated with the amalgamation of the two businesses.
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