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- RE: Outstanding-Highly Profitable Immigration Law Firm
- Contact: PHILLIP
Quick Facts
Asking Price: | $1,900,000 | |
Annual Revenue: | $795,060 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $795,060 | |
Total Debt: | Not Disclosed | |
FF&E: | $50,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1992 | |
Employees: | 4 | |
BBN Listing #: | 998531 | |
Broker Reference #: | 6401323224 |
Business Overview:
Preeminent law practice active for more than 30 years. Remarkably established track record of over three decades of consistently high revenue and profitability. It has an excellent reputation in the field.
EMPLOYEE DETAILS:
Three full time employees (excluding owner) identified as: senior paralegal, paralegal, and receptionist/legal assistant. Two part-time paralegals remunerated as independent contractors.
Employees are stable, but when the need arises for replacements, the law firm has often hired former clients who have proven to be excellent employees and supremely reliable;
Owner considers himself vastly knowledgeable about immigration and nationality law, case law, statutory and regulatory law, and procedure, and is willing to train his successor, and be considered “of counsel” on the firm’s website and letterhead for an agreed period of time. Owner is willing to still handle some court hearings in the future on a per diem basis. Owner is willing to be employed by the successor post-sale for a reasonable period of time;
Successor needs to be a member of any Bar Association of a U.S. State or Possession, in good standing. This legal practice is federal in nature. The successor will have be admitted to practice before the Immigration Courts and Board of Immigration Appeals which means an identity number issued by the Executive Office for Immigration Review (“EOIR”) and an internet account for filings under “ECAS.” The successor will have to secure identity numbers with the U.S. Citizenship and Immigration Services (“USCIS”) and Immigration and Customs Enforcement (“ICE”), the latter for internet filings under “ICE E-Service.” It is highly recommended that the successor join the American Immigration Lawyers Association (“AILA”) including the South Florida and Central Florida chapters. It is also highly recommended that the successor joins the Bar Associations of the U.S. District Courts for the Southern and Middle Districts of Florida;
Presuming the successor has limited to no knowledge of immigration and nationality law, I expect the learning curve to be 6-12 months.
COMPANY DETAILS:
The organization is a “professional association” or “PA” under Florida corporate laws, which by law is effectively the same as a corporation. The business is focused on legal representation throughout Florida, although clients reside all over the U.S.A. It is not home based as clients appear for case work and preparation.
Organization has been located at same building in South Florida for more than 29 years.
Owner is willing to remain “of counsel” for an agreed upon period of time, and be employed throughout transition and comfort zone of successor for an agreed upon period of time.
There are no lawsuits, liens, mortgages, back rent owed, brokerage firm agreements, or debts at closing.
There are no unpaid PPP or EIDL loans existing. Please refer to listing number 6401323224, business broker Phill Proctor when inquiring about this listing.
Contact the Seller:
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Property Features and Assets:
Lease/Month: 3897 Square Footage: 1,154 Building Type: Office Terms & Options: Assignable Expiration Date: 3/1/2027
Market Competition and Expansion:
Non Compete : Miles: 175 Years: 2
Reason for Selling:
Retirement. 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
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