Workers' Compensation Law Practice

Not Disclosed, CA

Pasadena


Asking Price: Annual Revenue:
$500,000 $485,710

Services: Professional


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RE: Workers' Compensation Law Practice Broker: Alvin Papa

Quick Facts

Asking Price: $500,000
Annual Revenue: $485,710
Net Profit: $256,054
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $12,804
Real Estate: Not Disclosed
Year Established: 2002
Employees: 3
BBN Listing #: 813062372
Broker Reference #: 130-21532

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Business Overview:

SELLER FINANCING AVAILABLE! This Semi-Absentee Law Practice was not affected by COVID-19. Revenue increased 4% - 5% year over year from 2019 to 2021!

Highly Successful Workers’ Compensation Law Firm for Sale! This is a rare opportunity in the legal space to acquire a highly reputable, profitable, and long-established workers’ compensation law firm located in Los Angeles County. The firm has been providing Workers' Compensation Services to the Greater Los Angeles Area since 2002 and has built an outstanding reputation as a market leader in the area.

The Firm has represented numerous clients in work injury cases and carries the experience that clients are looking for. This 20-year-old Law Firm has highly experienced, long-term employees, including paralegals who handle most cases that will remain at the firm. The Seller only works 15 - 25 hours per week and is willing to stay on with the buyer post-sale for a smooth transition. This is an exciting opportunity for an existing law firm looking to expand or for one or more lawyers looking to take over an existing successful law practice! This business is SBA pre-approved for a qualified buyer. Contact us now! Please use email reply button of this ad to contact us.

Summary

• Semi-Absentee Seller works less than 15 – 25 hours per week
• Seller Financing Available with 50% down
• SBA Pre-Approved Business
• $256,054 Seller’s Discretionary Earnings
• $485,710 Gross Revenue for 2021
• Listing Price $500,000
• Excellent Books & Records (verifiable)
• 3 Seasoned and well-trained W2 Employees

Down Payment & Working Capital Required
The down payment required for this transaction is a minimum of $56,000 cash down payment with SBA financing OR $250,000 cash down with Seller Financing. Additional working capital of approximately $50,000 is recommended. A minimum FICO score of 680 is required for SBA financing.

Seller/s Role
The Seller presently works approximately 15 to 25 hours each per week, oversees operations, handles general administrative duties, bookkeeping, AR/AP, and supervises employees.

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Reason for Selling:

Pursuing a career to be judge.

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.

Relevant Links:

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