$5 Million Law Firm For Sale (Multi State)

North East

$5 Million Law Firm For Sale (Multi State)

Asking Price:$4,500,000

Cash Flow:$500,000

Gross Revenue:$5,000,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:1993

$5 Million Law Firm For Sale (Multi State)

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Business Description

$5 Million Law Firm For Sale - Sale Price $4.5 Million(Multi State)
Law Firm with gross annual revenue of $5 million, profits and add backs in excess of $500,000. for lawyer/owner. The law firm has operated under it's current business model since 1993. During that period the law firm has spent over $20 Million for advertising which has developed a substantial amount of repeat business and goodwill. No real estate is included. Essentially an office practice with a substantial billable litigation division, there are NO bankruptcy, debt collection, consumer law, traffic or contingent fee matters. Operates in many states. Completely staffed with adequate licensed lawyers and support personnel. The law firm owns all of it's proprietary computer software systems and databases to help with over 240,000 Client's data. The Firm has over 240,000 Clients, no one Client accounts for more than 1/10,000 percent of gross receipts.You must be a licensed lawyer to purchase this law firm. Owner/lawyer is retiring but is willing to act as a Consultant to a new lawyer/owner for up to three years. Sale Price: $4.5 Million. When responding please give your professional and financial capability details, sufficient to warrant a continued discussion. If you do not provide these details please do not expect a response. Other fabulous details along with the name of the law firm will only be disclosed to a interested lawyer purchaser that provides proof of a financial ability to purchase this law firm.
This is a purchase that many lenders would consider funding, provided, you have good credit and a substantial down payment.

Please no brokers,respond to: LawFirmAvailable@gmail.com

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
49
Facilities:
The law firm operates out of leased facilities and otherwise owns all it's operating assets. The law firms principal office is located in a 16,000 square foot building owned by the seller and therefore the buyer would have to either enter into a 5 to 10 year lease or relocate the principal office within 6 months after the sale.
Competition:
This law firm like other law firms operates and succeeds each day under competitive market conditions.
Growth & Expansion:
The current owner is retiring and the law firm has not been in an expansion mode for some years, however, there are many avenues to increase lead generation and the Client base. After the sale Seller in a part time paid consultants capacity is willing to work with buyer developing among other things, lead generation and additional business for 3 years.
Support & Training:
The seller will act as a part time paid consultant to buyer for a period of up to 3 years. The seller will no longer be practicing law so his name may continue to be associated with the sold law firm.
Reason for Selling:
Seller is retiring and will work as a part time paid consultant for 3 years

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