$5 Million Gross Revenue, Law Firm - Multi State

Mid West (Relocatable)

$5 Million Gross Revenue, Law Firm - Multi State
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Asking Price: $2,900,000

Cash Flow: N/A

Gross Revenue: $5,000,000

EBITDA: N/A

FF&E: $850,000

Inventory: $20,000

Rent: $20,000 per Month

Established: 1993

$5 Million Gross Revenue, Law Firm - Multi State

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Business Description

This is a unique law firm operating for over 27 years in NYC, NJ, LA, Miami, DE, Chicago and Las Vegas. It's primary business is helping it's Clients establish businesses, trademarks and trusts. Since it's inception in 1993 the Firm has spent over $20 million in advertising. Since 1993 the Firm has accumulated a client base which exceeds 260,000 clients. Because of the Firm's initial and continuing marketing programs the client base remains loyal to the Firm. A significant portion of the business is online and over the phone. The gross revenues which are mostly flat fees, account for about one half of it's 2020 profits of $775,000. The remaining profits come from client billable matters. There are NO bankruptcy, debt collection, consumer law matters or traffic cases.

The total gross revenues are approximately $5,000,000. per year.
There is absolutely no other law firm on this planet that maintains the business model that the Firm utilizes, NONE.
Do to Firm licenses, authorities in place and ethical considerations, the transaction should be a stock purchase. The firm is currently an s corporation.
The principal office of the law firm is located in a building owned by the principal shareholder. That building is not for sale and the law firm would have to relocate within reasonable period after the closing of the sale, the main office of the business is relocatable.
The firm's 80 year old owner/lawyer is retiring but is willing to continue as a consultant or in some other capacity.
Purchaser must be a licensed attorney anywhere in USA, our current lawyer staff is able to qualify the Firm in each state it operates. When responding to this ad provide your licensed attorney credentials and your source and proof of acquisition funds, otherwise, you will not receive any response to your inquiry.
Contact seller at LawFirmAvailable@gmail.com with your offer.
This offer to sell may be withdrawn at anytime for any reason.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
15,000
Lease Expiration:
N/A
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The law firm locations are all leased at favorable rates. The law firm owns all it's operating equipment, that has an original acquisition cost of over $800,000, website, phone numbers, trademarks, propriety software programs developed over many years supporting the firm client roster which exceeds 260,000 clients which the firm has accumulated since 1993. Contact seller at LawFirmAvailable@gmail.com
Competition:
The business like most is competitive but in spite of that new and existing clients continue to use the Firm's services. The firm has developed unique marking strategies which the Firm has utilized for decades and continues to use. The repeat business the Firm enjoys is proof that it's client base is loyal and firm's professional work output is exceptional. Contact seller at LawFirmAvailable@gmail.com
Growth & Expansion:
The Firm's gross revenue continues to be robust. In recent years the Firms lawyer/owner has devoted less time to the Firm but is still very active in the Firms operations. There is no reason(s) why a new owner(s) could not increase the business substantially.
Financing:
Many lenders provide funds for the acquisition of a law firm.
Support & Training:
The firm employs approximately 35 individuals, which provide adequate professional and clerical personnel. The founding owner is ready to retire at age 80, but is willing to be active and train a new owner(s). Contact seller at LawFirmAvailable@gmail.com
Reason for Selling:
80 year old owner/lawyer is retiring. Contact seller at LawFirmAvailable@gmail.
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Business Listed By:
Jay Lawrence

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Ad#:1812006

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