Boutique Legal Practice

  • Listing# : 12922
  • Listed Price : $687,500
  • Total Sales : $549,585
  • SIC : 8111
  • Down Payment : $687,500
  • Status : Active
  • Discretionary Earnings : $197,910

Business Type :

Professional Practices / Legal Practice

Business Description :

Operating 14 years, this Law Firm specializes in Estate Planning and Elder Law. Specifically, the Firm works with clients in establishing a plan on one hand to protect a family’s wealth and on the other hand to insure that wealth and value appropriately pass along to the next generation. Fairly simple to say and even think about, but the reality is this involves an entire legal strategy, one that is specific to each individual and family. There are many aspects of estate planning all of which need to be reviewed and thoroughly understood specific to each individual and client. Those aspects include wills, revocable living trusts, irrevocable trusts, durable powers of attorney and health care documents, to name just a few. Currently the Firm supports in excess of 3,000 clients. The firm is centrally located with convenient access and the property the firm operates from is owned by the business owner. This provides multiple options for a buyer. The property can be leased for a period of time at the onset and then later purchased, or the owner is willing to discuss a purchase of the property along with the business. The footprint of the Firm’s offices spans 3,000 square feet. The asking price for the property is $725,000. The lease cost is $5,000 per month. The Real Estate is exquisitely designed and furnished to accommodate the operation of the firm. The owner is including all of the furnishings as part of the lease cost and is offering purchase of the same as a option along with the purchase of the property. Furnishings are offered at $120,000. In addition, the very nature of this practice will require some transition for a buyer, and the owner is willing to stay on for an extended period of time to insure the buyer an appropriate transition into the business of the firm and the client base.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $725,000
    • Incl : Available
    • Inventory $5,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $25,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $30,000
    • Incl : Yes

Lender Prequalified: No

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