LAW PRACTICE

Ref#: SOLD

Location: GOLD COAST HINTERLAND

Price: $229,000 plus WIP

Gross Fees: $447,600 p/a

The firm was established 10 years ago by the current Principal who is retiring from law to take up other pursuits. He is however prepared to consider a reasonable hand-over period to assist in the transfer of goodwill. The owner has described the breakdown of fees earned as follows: 38% Conveyancing 13% Family 10.5% Commercial 7% Estates 6.5% Wills & EPOAs 7.7% Litigation 1.3% Debt Collection 16% Miscellaneous There were approximately 492 files opened during the 2012 financial year and there are approximately 475 safe custody packets held. The practice employs the Principal and four part time staff, including three Secretaries and a Conveyancing 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 the area or as an expansion opportunity for local firms seeking growth. The practice uses Leap Documents and Leap Accounting. There are no equipment leases in place; however there is an existing Cannon Copier service agreement, the details of which are attached
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