DALLAS, Texas
| Asking Price |
$0 |
Year Established |
1992 |
|
| Annual Revenue |
$2,010,630 |
Reason for Selling |
Retirement. |
|
| Annual P/L |
$0 |
Attention |
Rick Carlson |
|
| Annual Cash Flow |
$508,433 |
Listing Number |
1020124 |
|
| # of Employees |
12 |
Business Category |
Services: Professional |
|
Business Overview:
This Company is an established Texas law practice focused exclusively on property tax (ad valorem) disputes, representing owners of commercial real estate, energy and mineral interests, aviation fleets, healthcare and nonprofit property from the appraisal protest stage through district court, appeals and the state’s highest court. The practice operates two complementary groups: a litigation group that handles complex, high-value valuation, unequal appraisal and exemption cases, and an administrative consulting group that runs the annual protest cycle and feeds unresolved matters to litigation. In a state with roughly 130,000 licensed lawyers, the Seller estimates only about 80 practice property tax full time and only a handful can try complex valuation cases such as minerals in place, wind generation and aircraft fleets, which makes the Company’s expertise scarce and valuable. Clients return year after year because property is reappraised annually, and about 85% of 2025 revenue came from clients represented in prior years, anchored by a national retail real estate owner served for more than 20 years. The firm opens roughly 167 new matters a year under a flexible mix of hourly, flat-fee, contingent and hybrid arrangements, and contingent matters on long-running cases can produce six- and seven-figure fees. A 12-person team is in place, and the Founder is willing to stay on to introduce clients and mentor attorneys.
The Founder is approaching retirement after more than four decades in Texas property tax law and wants a buyer who will take care of the firm’s long-standing clients and team, and he is prepared to support a meaningful transition. Confidentiality is a concern for the Seller, so the Company’s name and exact location will be shared once a qualified buyer prospect is vetted.
NDA is required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Property Features and Assets:
<p>Approximately 3,171 sf professional office in the north Dallas suburbs near a major tollway corridor. Lease extends through July 2029. Rent is approx. $5,800 per month plus electricity, with modest annual increases.</p><p><br>The landlord is also a firm client. A buyer may assume the lease or consolidate the team into its own Texas office.<br><br></p>
Market Competition and Expansion:
<p>Competition: Most of the roughly 80 full-time Texas property tax lawyers handle routine matters that settle quickly, and only a few firms have the depth to litigate complex valuation and exemption disputes. Large law firms compete for some institutional work, but their billing rates are hard to justify on a tax of about 2% of value, which leaves the Company well positioned between routine protest shops and big-firm practices.<br><br>Growth & Expansion: Route Texas property tax work from a buyer’s existing real estate, energy or tax clients to the Company, pursue the growing number of complex valuation disputes created by oil and gas, renewable energy and data center investment, litigate more anchor-client matters with expert support, scale the consulting group, and streamline overhead under a buyer with its own back office. A firm that is already in this space has an excellent opportunity to combine capabilities and streamline operations to grow both top line and bottom-line earnings.<br></p>
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