Attorney Patent Practice-Multiple Locations

Vale Park, United Kingdom

Asking Price: Annual Revenue:
$4,232,000 $2,543,886

Services: Non-classifiable

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RE: Attorney Patent Practice-Multiple Locations Broker: Steve Wright

Quick Facts

Asking Price: $4,232,000
Annual Revenue: $2,543,886
Net Profit: Not Disclosed
Cash Flow: $846,522
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2008
Employees: 7
BBN Listing #: 458556491
Broker Reference #: 67675-317482

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Business Overview:

Well-established patent practice located throughout the UK with a high-end client base and excellent reputation.

Privately owned and operating for well over a decade, the owners are now ready to start a succession arrangement and pursue other business interests and invite prospective buyers to enquire.

Incorporated in 2008 by the current owners, the attorneys have a wealth of combined industry-leading experience and has a number of long-standing industry leading clients in the life sciences, pharmaceutical and biotech space. Having maintained year on year profitability since launch, the business continues to grow and has built upon its reputation across the industry and with its impressive customer base.

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Property Features and Assets:

This firm has grown from a revenue of £50,000 in its first year 2008-2009 to £1,993,830.37 in its last trading year 2019-2020. Approximately 90% of this business is generated in the UK and approximately 75% of this work involves representation before the UK IPO or EPO. Approximately 85% of this work is generated by UK universities or their start-ups. Approximately 13% of this work is generated by non-UK universities or their start-ups.

Market Competition and Expansion:

Within the UK there are about 2,000 Patent Attorneys working out of about 100 firms, only this firm – specializing in the life sciences and University technology transfer. Of these firms, the majority are in the greater London area. These firms represent our competition in the UK. They consider UK Universities to be highly prestigious clients and so there is competition to acquire them as clients. Potential Growth To service this market and obtain repeat business, our attorneys are not only qualified patent attorneys, but also technical specialists qualified to at least PhD level within a relevant life science subject and they also have postdoctoral research experience. Our attorneys have therefore independently planned, executed and published investigative research in the life sciences in peer-reviewed journals. This means our attorneys have the technical skills to quickly grasp the nature, impact and development possibilities of academic and clinical research work and so inspire clients with confidence in our ability to represent their interests. Over the last twelve years our firm has established and developed client attorney relationships with UK Universities, overseas Universities and start-up companies. Our ongoing objective is to assist in creating value for research conducted in University laboratories and its future strategy is to replicate its success in the UK in other countries by focussing on the protection of translational research in overseas Universities.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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