Ref#: RED-01

Location: Redlands Shire

Price: $279,900 Plus WIP

Gross Fees: $1,162,000 p/a

Redlands Shire practice established since 1999 and with the current owner since 2004. The success of the business now offers the owner early retirement. The work is primarily Conveyancing with approximately 100 to 120 residential settlements per month. Other work includes Wills, Estates, EPAs, Commercial Business sales and Leases. The practice holds around 2,100 safe custody files and has approximately 150 to 200 active files at any time. The business employs the Principal and seven well established staff in a range of casual and full time positions. Gross fees for the past three years have been in the range of $1.1mil to $1.3mil with a Proprietors Earnings Before Interest and Tax (PEBIT) of around $230,000 for the 2020 financial year and a three year average of approx. $249,000. This practice offers an ideal opportunity for a sole practitioner or larger firm seeking a branch office in the Redlands.
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