LAW PRACTICE - CITY FRINGE - BRISBANE

Ref#: SOLD

Location: CITY FRINGE

Price: $380,000 Plus WIP

Gross Fees: $700,000 p/a

The firm was established by the current Principal in 1993 The work performed includes Conveyancing, Commercial, Family, Wills & Estates, EPAs, Small Business Leases and Conveyancing. Excellent location in a vibrant small business hub close to the city. Gross fees for the past three years have been in the range of $580,000 to $659,000. The gross fees for the 2015 financial year are estimated by the seller to be close to $700,000. The three year average profit (PEBIT) for the practice is $265,000 per annum and is expected to exceed $300,000 in 2015. The business employs the Principal as well as an office manager, one full time solicitor, one casual solicitor, one permanent paralegal, and a casual bookkeeper. This represents an excellent opportunity for anyone seeking a well run small practice in pleasant surroundings, close to Brisbane CBD or a larger local firm looking for quick growth and an improved economy of scale in their existing business.
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