GOLD COAST - SOUTHERN END
Location: Gold Coast - Southern End
Price: $325,000 Plus WIP (PRICE REDUCED)
Gross Fess: $783,900 p/a
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.