Mediation & Family Law Firm – Owner To Keep Equity
Hartford, CT Hartford County
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- RE: Mediation & Family Law Firm – Owner To Keep Equity
- Contact: Not Disclosed
Quick Facts
| Asking Price: | $2,075,000 | |
| Annual Revenue: | $2,071,976 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $569,770 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2007 | |
| Employees: | 11 | |
| BBN Listing #: | 994847 | |
| Broker Reference #: | OFF025-D |
Business Overview:
This firm provides family law-related services throughout the state of Connecticut, catering to various legal needs including divorce, custody, mediation, living wills & estate planning, as well as consulting services. This firm employs a dedicated team of 11 staff members comprising the office manager, four lawyers, three paralegals, an administrator, and a receptionist. The seller delegates caseloads among staff and manages productivity. Owner has very low caseload which can be easily absorbed by the legal team. Owners’ role is more growth & vision. To show good faith, the owner is willing to offer a 10% promissory note plus a 10% equity roll. The firm’s case breakdown reveals a strong focus on divorce proceedings, which is approximately 70% of their caseload, custody applications make up about 25% of cases, with the remaining 5% in other legal matters and mediation services. Operating from two locations, with a 3rd on the way, allows for strategic positioning which enables them to serve a broad clientele across Connecticut effectively. Unfortunately, the divorce rate has more than doubled in the US since 1990. To ensure a smooth transition for a new owner, the seller has committed to providing a transition period of two years based on buyer preference. Growth opportunities include geographical expansion and marketing in new territories within Connecticut or even beyond state lines. >>
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Property Features and Assets:
Main location has 2 fully occupied buildings with 4,400 sq ft. The second location is 800 sq ft
Market Competition and Expansion:
Expand geographically in order to market in new territories – 3rd location coming soon
Reason for Selling:
Bring on a new owner to continue to grow, while the seller remains an equity holder. Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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