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Exclusive Opportunity: Established Law Firm for Acquisition
1 month ago
A reputable and established law firm situated in the Central Goldfields Area is seeking a new owner to acquire its successful business.
Background
This esteemed law firm has been delivering exceptional legal services since 1985, boasting an impressive client base and excellent local agent referrals. With minimal competition in the immediate vicinity, this presents a unique opportunity for the right candidate.
The practice primarily focuses on Property Law and Wills & Estates Law, including contested wills, making it an attractive prospect for those with expertise in these areas.
The firm operates efficiently with a loyal team of 7 part-time employees, consisting of the Owner/Principal Solicitor (working 10-15 hours per week), 2 Law Clerk Directors, 1 Senior Conveyancer, 1 Wills & Estates Clerk, 1 recently admitted Solicitor, and 1 Receptionist.
The current vendor wishes to sell as the Principal Solicitor plans to transition into retirement, making this an ideal time for a new owner to take over.
Financial Highlights:
The firm's professional fees have consistently demonstrated steady growth, with figures reaching $647,646 in 2022, $688,839 in 2021, and $671,646 in 2020.
Additionally, the number of new files opened has shown an upward trend, with 550 new cases in 2022, 541 in 2021, and 453 in 2020.
Pricing and Contact Information:
The asking price for the firm is negotiable and available upon application. For those interested in learning more or discussing the opportunity further, please contact John Castello at 0407 112 612.
