LAW PRACTICE - BRISBANE CITY FRINGE
Location : BRISBANE CITY FRINGE
Ref#: LAW 14
Price : $600,000 Plus WIP
Gross Fees: $1,455,000 p/a
Description: City fringe practice established 40 years. Gross fees for the 2018 financial year were $1,455,000 with an adjusted nett profit (PEBIT) of approx $587,177. Work is General Practice mix of Commercial, Family, Conveyancing, Wills and Estates etc. The seller is prepared to remain for a period if required.
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.
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.
CONVEYANCING PRACTICE - BRISBANE SOUTHSIDE
Location : SOUTHERN SUBURBS
Price : $170,000 Plus WIP
Gross Fees: $500,000 p/a
Description: Well established Conveyancing Practice on Brisbane\'s Southside. Gross fees for 2018 were approx $1,283,000 which comprised of $501,000 in fees and $781,000 in Disbursements. Profit for 2018 was $255,661 PEBIT. The current 2019 financial year performance has been affected by the seller\'s necessity to have time off due to health reasons. The seller states that the 2019 financial year performance is expected to result in a profit of around $170,000 PEBIT. The practice has therefore been priced at 1 times the expected 2019 PEBIT.
BRISBANE CBD PRACTICE
Location : BRISBANE CBD
Price : $1,050,000 Plus WIP
Gross Fees: $2,750,000 p/a
Description: Well established Brisbane CBD firm with gross fees in the range of $2,750,000 per annum with a profit (PEBIT) of around $640,000. The practice employs several solicitors and the work is a mix of Commercial, Property and Litigation. There is a short lease period remaining which gives the buyer the option of either a new lease or re-location of the practice. The Partners are prepared to offer all assistance in the transition period and beyond, as required by the buyer.
LAW PRACTICE - WESTERN SUBURBS
Location : WESTERN SUBURBS
Price : $70,000 Inclusive of WIP
Gross Fees: $388,000 p/a
Description: Western Suburbs practice established since 1999 by the current Principal. The mix of fees includes Residential Conveyancing, Family Law, Wills and Estates and Enduring Powers of Attorney, Business Leasing etc. The Practice grossed approx $388,000 during the 2018 financial year. Most of the work is performed by the employed solicitor and conveyancer. The Principal states that the profit of the practice could be substantially improved if the buyer chose to take on more of the file workload and reduced the existing wage costs.
TOOWOOMBA LAW FIRM FOR SALE
Location : TOOWOOMBA
Price : $230,000 Plus WIP
Gross Fees: $600,000 p/a
Description: The firm was established approx. 20 years ago by the current Principal who is now seeking to retire. The mix of work includes Wills and Estates, Conveyancing, Commercial, Family, Litigation and other general work. Gross fees are in the range of $500k to $600k per annum with a three year averaged profit (PEBIT) of circa $194k. A suitable hand over period will be provided to assist with the smooth transition of the client base.
GOLD COAST LAW FIRM
Location : SOUTHERN END OF GOLD COAST
Price : $60,000
Gross Fees: $300,000 p/a
Description: The firm was established 21 years ago by the current Principal who is now seeking to retire. The mix of fees include Wills, Estate Administration, POA, Conveyancing, Commercial, Leasing, and other general work. Gross fees circa $300,000 per annum. A suitable hand over period will be provided to assist with the smooth transition of the client base.
Location : BRISBANE\'S NORTHERN SUBURBS
Price : $245,000 Plus WIP
Gross Fees: $1,000,000 p/a
Description: This is a well-established General Practice located on the Northside of Brisbane. The work is a mix of Residential and Commercial Conveyancing, Wills & Estates, Family Law and other general work. Gross fees average approximately $1,000,000 per annum with a net profit (PEBIT) for 2018 of $214,000. The seller wishes to retire but will remain long enough to ensure a smooth transition of the client base and goodwill of the practice.
TROPICAL NORTH QUEENSLAND
Location : TROPICAL NORTH QUEENSLAND
Ref#: LAW G01
Price : $288,000 Plus WIP
Gross Fees: $768,000 p/a
Description: General Practice in Queensland\'s Tropical North. Established nine years and dealing in the areas of Commercial Law, Litigation, Family, Conveyancing and Wills and Estates. The gross fees for the 2018 financial year were just over $768,000 with a profit of approximately $288,000 (PEBIT) The practice employs the Principal, two Solicitors, a Conveyancer and two support staff.