Business for Sale Overview:
The purchase of this law firm is an excellent opportunity for an attorney to earn a high income. This law firm specializes in personal injury and other civil litigation which are more recession resistant. It is also starting to expand into lower-level criminal cases. It has little competition in its area and boasts 80% return business each year. The owner’s cash flow has been consistently high for 5 years. The firm concentrates in civil lawsuits and one-sixth of its business comes from ongoing business clients. Its current caseload is about 65 cases. The firm’s owner is the only partner. There is also a legal secretary and an associate working full time. The firm also uses the services of two other attorneys when it is busy.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business works out of the first floor of an office building it owns. They lease out space on other floors. The seller wishes to sell the building with the practice.
Market Competition and Expansion:
The firm markets itself mostly through word of mouth and referrals. About 80% of clients are repeat clients and 20 percent of its revenues each year come from new clients. Because of its long history - it has been in business for over 30 years - the firm is well-known in the community. This firm can expand in three different ways. First, it can take on a wider range of cases. Secondly, it can expand the area it services. Lastly, it could easily market itself more aggressively. The firm is in the process of adding a website to do so. A buyer could increase their income by doing more of the legal work rather than outsourcing it as the principal attorney has done. Some of the work that has been delegated has been because the principal attorney has chosen to take time off.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.