Family Law/general Law Practice for Sale

(ID# 4752) (Seller Ref# KLM26042018)

Financials

Asking Price: $450,000
Sales Revenue: $1,268,987
Net Profit: $433,432
Furniture, Fixtures
& Equipment:
$116,499 (included in asking price)

Business Summary

This successful law firm has five years of building a solid reputation and is known for their top-notch legal services in the areas of Collaborative Family Law, Mediation, General Family Law, Wills and Estates and Civil Litigation. This professional firm has earned an excellent reputation in the industry with many referrals and repeat clientele. Their highly qualified team of legal professionals strives to guide their clients through the legal process and options to create a positive resolution to stressful situations. Located in a vibrant community thirty minutes from downtown Edmonton, this firm is ideally situated to expand into other areas of law, such as real estate and civil litigation. There is also a largely untapped market just West of the firm who require Family Law services that currently is underserved. This practice would be ideal for a junior or senior lawyer wanting to purchase an established law practice with excellent growth opportunities. WHY THIS BUSINESS: •Well established and an excellent stable reputation. •Significant number of active cases in progress for 2018. •Specialized Family Law practice with unlimited growth potential in other areas of law. •Ideal location in a rapidly growing business district. •Substantial leasehold improvements. •Sizeable potential client base in surrounding area. •Lease in place until 2023 with the option to renew or purchase units.

General Information

Employees: 2
Year Established: 2012

Property/Location

Real Estate: Lease
Location: Ideally located in a rapidly growing business district.
Lease Terms: 2742 sq. Ft. at $6032.40 monthly plus condo f

Other Information

Training Support: Owner is willing to negotiate a transition period for a limited amount of time.
Market Outlook: Excellent opportunities for growth through diversification of services and under-served clients in near by communities.
Reason Selling: The owner is relocating.

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