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Collier County Law Firm For Sale

Collier County, FL

Seller Financing Available
Collier County Law Firm For Sale
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Asking Price: $415,000

Cash Flow: $173,908

Gross Revenue: $309,102



Inventory: N/A

Established: 1994

Collier County Law Firm For Sale

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Business Description

Founded in 1994, this SW Florida law firm handles matters in five complementary practice areas: Real Estate Transactions, including issuing title insurance policies, Business Transactions, Probate, Estate Planning, and Litigation. This acquisition is a prime opportunity for an existing firm looking to expand into Collier County or for a lawyer who wants to run a solo firm.

The firm maintains a strong referral base and community presence. The business and real estate closings are highly profitable. Often matters in one practice area will generate new work in adjacent practice areas without the need to market to new clients. The estate planning arm, in particular, offers the potential for continuing representation with former clients. These opportunities can generate significant upside revenues both from those clients as well as from new clients referred by them.

Due to its location, significant community goodwill, and the economic environment, the firm sees itself well positioned to continue its growth in fees from elder law planning.

Detailed Information

Collier County, FL
Firm operates from three leased offices inside a larger suite of offices in approximately 800 sq feet of space. Other assets being offered for sale include those typical of a transactional solo practice with smaller litigation matters and include those at the business premises.
SW Florida continues to be a popular retirement location, and new potential clients will continue to move into the area in which the firm operates. The firm's offices are in middle class communities, the primary target market for elder law planning. Members of the middle class have sufficient assets to make elder law planning provide a significant return on investment.
Growth & Expansion:
Firm does not currently have a program (e.g. mailed newsletter) to stay in touch with previous clients or to develop relationships with potential referral sources. Given the firm’s goodwill in the community, management believes that implementing these will enable the firm’s buyer to increase revenues in the near term. Management sees the firm’s practice area moving from what has historically been tax driven estate planning to asset protection-oriented elder law planning.
Seller will hold $45,000 note for three (3) years at 8%
Support & Training:
Owner will spend 10 business days immediately after the closing, at no cost to buyer, familiarizing the buyer with the firm and its clients, employees, accounts, and business operations and, if requested, enter a mutually acceptable ‘of counsel’ agreement with the firm. Senior paralegal will remain with firm after a transition to a new owner.
Reason for Selling:
The owner is retiring
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Business Listed By:
Edward Alexander

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