GOLD COAST - GENERAL PRACTICE
Location : Gold Coast
Price : $198,500 Plus WIP (Freehold available if required)
Gross Fees: $700,000 p/a
Description: Gold Coast General Practice established over 35 years, 10 years with the current owner who is now seeking to retire. Work includes Family, Wills and Estates, Conveyancing, Commercial, Business Leases and Litigation. There is no Legal Aid work performed. The practice employs the Principal, 3 solicitors and two Clerks. Gross fees for the 2020 financial year were approx $700,000 with a profit (PEBIT) of approx $320,000. The seller is prepared to offer a lease to the buyer or the opportunity to purchase the freehold if that is preferred.
GOLD COAST - SOUTHERN END
Location : Gold Coast - Southern End
Price : $325,000 Plus WIP (PRICE REDUCED)
Gross Fees: $783,900 p/a
Description: This practice was established in 2012 and specialises in several areas of litigation including Compensation Claims, Professional Negligence, Estate Litigation and some other miscellaneous work. The seller is now ready to retire but is happy to remain for a period post sale, if required, to assist with the smooth transition of the goodwill of the practice to the buyer. The lease is currently on a month to month basis which affords the buyer the option of a new lease or re-location of the practice. Gross fees for the past three years have been in a range of $730k to $990k. Gross fees for 2020 were $783,900 with a profit (PEBIT) of approximately $552,000. The price has been reduced from $450,000 to $325,000 to facilitate a quick sale due to health reasons.
GENERAL PRACTICE NORTHSIDE
Location : Brisbane Northside
Price : $215,000 WIP Included
Gross Fees: $450,000 to 650,000 Range p/a
Description: Brisbane Northside suburban General Practice established for 35 years. Seller is now ready to retire. New lease available at $1,100 per week inclusive GST and Outgoings. Work includes Conveyancing, Wills and Estates, Commercial, Family, Crime, Leases etc. Annual gross fees are typically in the range of $450k - $650k per annum. Three years average profits of approx. $220,000 (PEBIT). The Seller is willing to remain as a consultant to the practice if required. The practice employs the Principal full time as well as a Secretary, full time Law Clerk, and Bookkeeper one day a week.
FAMILY LAW - BRISBANE NORTHSIDE
Location : BRISBANE NORTHSIDE
Price : $149,000 Plus WIP
Gross Fees: $450,000 p/a
Description: The firm was established 26 years ago by the current Principal who is now seeking to retire. This is a specialist practice with approx. 95% of fees generated from Family Law and the remaining 5% from Wills and Estates. Gross fees for the 2019 financial year were $689,000. Gross fees for the 2020 year to 11th of May are $422,000 with a profit (PEBIT) to date of approx $80,000 to the working Principal.
SOUTH EAST QLD REGIONAL CITY - NORTH OF BRISBANE
Location : Regional City
Price : $285,000 Plus WIP
Gross Fees: $1,300,000 p/a
Description: This General practice was established in its current location in 1984 and is now being offered for sale for the purpose of retirement. It is located in a thriving regional city to the North of Brisbane and is the dominant practice in the area. Work includes Wills and Estates, Conveyancing, Family Law, Litigation, Criminal Law, Property and other matters. There are employed solicitors and experienced, long term support staff in place. The annual gross fees are in a range of $1.3mil to $1.4mil per annum with a 2019 profit $242,000 (PEBIT). The sellers are prepared to remain in an employed capacity for a reasonable period, post sale, if required.
COMMERCIAL & CONVEYANCING - SUNSHINE COAST
Location : Sunshine Coast
Price : $225,000 Plus WIP
Gross Fees: $660,000 p/a
Description: This is a property and business-based practice established on the Sunshine Coast for nine years. The Seller is now planning a career change; however, he has indicated a willingness to remain in the practice for a reasonable period to assist with the transfer of goodwill if the Buyer wishes him to. Work is Conveyancing and Commercial. Annual gross fees typically in the $660k - $780k range. The 2019 Adjusted Profit (PEBIT) was approximately $195,000. Ideal opening for someone seeking their first business opportunity or a local established firm looking for growth.
Location : GOLD COAST
Ref#: GCN 01
Price : $295,000 Plus WIP
Gross Fees: $730,000 p/a
Description: Established over 40 years, the Principal is now ready for retirement. The practice is well located at the Northern end of the Gold Coast strip in a strong commercial area and handy to the Courts. The work is mainly Family Law with some Litigation, Wills and Estates and Personal Injury. Gross fees are typically in the range of $730,000 to $1,000,000 with a 2019 profit (PEBIT) of $272,000. The Seller is prepared to assist the Buyer with a smooth transition of the goodwill of the practice.
LAW PRACTICE - FAR NORTH QLD
Location : FAR NORTH QLD
Ref#: LAW 015
Price : $190,000 plus WIP
Gross Fees: $770,000 p/a
Description: North Qld practice established in 1981. Work mix is Conveyancing, Personal Injury, Wills and Estates, Family Law, and Criminal Law. Two partners and two employed solicitors, one conveyancer and three admin staff in place. One Partner is ready to retire, the second Partner is prepared to consider remaining at the practice in some capacity if required to do so.
GENERAL PRACTICE - NORTHSIDE + Freehold (Optional)
Location : BRISBANE NORTHERN SUBURBS
Price : $99,500 + Freehold (Optional) $240,000
Gross Fees: $530,000 p/a
Description: This is a long-established Law firm, part of which is now being offered for sale for the purpose of retirement. The work consists of Conveyancing, Wills & Estates and Powers of Attorney, Commercial, Family etc. Gross fee range is $530k to $580k with a three year average profit (PEBIT) of $203,000.
GOLD COAST - PRICED TO SELL FOR RETIREMENT!
Location : CENTRAL GOLD COAST
Ref#: LRL 01
Price : $89,000 Plus WIP
Gross Fees: $400,000 p/a
Description: The practice has been established since 2008 and is now being offered for sale for the purpose of retirement. It is predominantly a Family Law practice with some Commercial Litigation and Wills and Estates work. Gross fees are in a range of $400k to $450k per annum and the profit (PEBIT) for the 2018 financial year was approx $185,000. The projected profit for the 2019 financial year is approx $130,000 due to the Principal reducing his workload in preparation for retirement.