Established Law Firm Seeks Buyer in Melbourne
8 hours ago
Gatehouse Legal Recruitment presents an exceptional opportunity for a motivated buyer to acquire a highly successful and well-established law firm in Melbourne.
The practice, boasting over 30 years of experience, is situated in the South Eastern suburbs of Victoria, providing a prominent high-visibility location in a busy main street.
With a branch office located approximately 30 minutes away in Melbourne's outer Eastern Suburbs, the firm has established a strong presence in two markets. However, the majority of its revenue is generated from the South Eastern Office location.
The affable sole Principal has been the sole owner for over 30 years and is now looking to retire. They are willing to continue working and remain on post-handover to assist with any transition arrangements.
The practice employs 2 full-time support staff and 2 part-time legal support staff, utilizing LEAP and MYOB software to manage operations.
The work split of the practice is estimated as follows:
- Conveyancing: 40%
- Wills & Estates & Probate: 25%
- Family Law: 25%
- Other Areas of Law: 10%
This law firm has tremendous growth potential, given its prime location in one of Melbourne's largest growth areas. With minimal online marketing efforts, the business has achieved excellent revenue and profit through word-of-mouth referrals, local advertising, and sponsorships.
Investors can easily add value to the practice, taking it to the next level by implementing strategic marketing initiatives and expanding services.
Key performance metrics demonstrate a successful business model:
- 2016/2017: $1,126,582 (Professional Fees/Total Income)
- 2015/2016: $902,445 (Professional Fees/Total Income)
- 925 Files (Number of New Files opened) in 2017
- 802 Files (Number of New Files opened) in 2016
- 794 Files (Number of New Files opened) in 2015
- Approximately 12,750 Wills/Deeds
A confidential discussion about this opportunity is available upon request. Please contact Gatehouse Legal Recruitment to learn more about acquiring this esteemed law firm.
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