#1345 Law Firm

Pinellas County, FL

#1345 Law Firm

Asking Price:$480,000

Cash Flow:$170,273

Gross Revenue:$371,000





#1345 Law Firm

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Business Description

#1345 Law Firm
Location: Tampa Bay, Florida
Listing Price: $480,000 Cash flow: $170,273 Revenues: $371,000
This Law Firm was founded in the 1980’s and has developed a strong reputation within their community. The Owner is planning for retirement after over 50 years of practice. The Firm’s vision is to offer clients a broad selection of transaction related law services that have subsequently created follow up work to be performed in the coming years.
The Firm focuses on many different types of law including Business Law, Transaction Law, Litigation, and Real Estate Law. The company services clients throughout Tampa Bay area including Pinellas, Hillsborough & Pasco Counties.
The Firm’s strengths are predominantly Business and Real Estate Law. In addition, the firm preforms closing attorney duties for Business and Real Estate transactions. The retiring Owner will be available to transition the clients for a period of six months.
The Firm is preapproved for a Government Backed Loan for the purchase price of $480,000 with the Purchaser’s equity down payment of $48,000. In addition, at closing the Purchaser will receive $50,000 in working capital in the form of a line of credit. The Building is preapproved for a Government Backed Loan for the purchase price of $135,000 with the Purchaser’s equity down payment of $27,000. If the Purchaser does not acquire the building, the gross rent is $1,800 per month. The available cash flow to new owner of $170,273 has been reduced by the annual cost of rent. In addition, if the new owner elects to relocate the firm the current lease can be canceled.

For more information on this listing, contact Larry Lawson at (813) 773-3773 or at lawson@vikingmerger.com.

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Larry Lawson

Business Listed By:
Larry Lawson

Viking Mergers & Acquisitions

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Sponsoring Broker:
Jay Offerdahl

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