Established Law Firm for Sale
2 months ago
Business Overview
Gatehouse Legal Recruitment is proud to present an exceptional opportunity to acquire a well-established law firm with a rich history spanning over 70 years. This esteemed practice has built a reputation for excellence in the eastern suburbs of Melbourne, serving a highly affluent area.
Key Highlights
- Established Client Base: The firm boasts an excellent reputation with low competition in the area, ensuring a consistent flow of clients.
- Consistent Revenues: The practice has demonstrated a stable revenue stream, providing a secure foundation for future growth.
Business Structure
The law firm is a sole proprietorship, with the affable Principal having been the sole owner for over 35 years. The Principal is willing to remain on post-handover to assist with any transition arrangements, ensuring a seamless integration for the new owner.
Staff and Operations
The practice has a team of 3 part-time legal support staff and 6 full-time staff, excluding the Principal. The work split for the last three financial years has been predominantly in Conveyancing, Probate, and Family Law.
Areas of Practice
- Conveyancing
- Wills & Probate
- Family Law
- Migration
- Debt Recovery
- Sale and Purchase of Business
- Litigation
- Managed Mortgage Investment Income Stream (LaTrobe)
Financial Performance
The firm's financial performance has been impressive, with Professional Fees/Total Income (ex gst) reaching $1,067,431 in 2016, $939,202 in 2015, and $773,860 in 2014. The number of new files opened has also been consistently high, with 850 files in 2017, 702 files in 2016, 698 files in 2015, and 691 files in 2014.
Acquisition Opportunity
This is a rare opportunity to acquire a well-established law firm with a proven business model. The firm's legacy and reputation provide a solid foundation for future growth and success. The new owner will have the opportunity to build on the firm's existing client base and continue to provide exceptional legal services to the community.
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