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Established Legal Practice Available for Acquisition
2 months ago
Overview:
This well-regarded general law practice, with a rich history spanning over three decades, is now available for acquisition.
Core Practice Areas:
- Real Estate & Conveyancing
- Estate Planning & Wills
- Business Law
- Family Law Matters
- Litigation Services
Team Composition:
The firm boasts a dedicated team comprising 4 Solicitors, including the Principal/Vendor, alongside 2 part-time Solicitors and 1 full-time Trainee Solicitor. Additionally, there is 1 full-time Conveyancer and 3 part-time support personnel.
Reason for Sale:
The Principal/Vendor is looking to transition ownership as part of their retirement strategy and is willing to provide support to ensure a smooth handover to the new owner.
Asset Register:
The firm maintains a comprehensive register, holding approximately 3,000 wills and property titles.
Financial Performance:
Total Revenue:
Recent fiscal years have shown consistent income:
FY: $818,927
Previous FY: $1,042,679
Year Before: $1,045,587
New Client Engagement:
The firm has demonstrated strong client engagement with the following number of new files opened annually:
Current FY: 607
Previous FY: 735
Year Before: 787
Next Steps:
For further information regarding this opportunity, please reach out through the appropriate channels.
