Pinellas County, FL
- Price Reduced: $250,000
- Gross Revenues: $1,045,000
- Cash Flow: $402,500
- FF&E: $80,000
- Employees: 6
Business Description
• Turn Key family law practice that consistently, over the past 5 years, has done over $1 million dollars in revenues and the owner has consistently taken out $350,000 plus per year.
• This family law firm has been branded and marketed with institutional goodwill for the past 10 years. It has an excellent reputation in the community and with the lawyers and judges in the metropolitan area.
• The firm focuses on providing each client with personal attention and assertive representation and clients have the full support and dedication of the attorney and a team of experienced associates.
• This firm is recognized as one of the leaders in family law in this metropolitan area.
• The majority of the competition in this area consist of smaller – one lawyer/one paralegal – law firms. This results in a fragmented market in which a handful of bigger firms dominate the market place. This firm is one of those firms. The law firm has a brand name rather than a group of attorney’s names and has been marketed in that way for 10 years +. As a result, the firm is well known, it has an established presence in the marketplace and an excellent website and internet marketing campaign. Literally, the marketing program can deliver as much business as you want, of the type that you want and can do so, regardless of who owns the firm.
• The Firm can be expanded into additional areas of family law if the new owner wishes to expand the operation. The current owner can give the new owner considerable guidance as to how to develop these new market place opportunities. The current owner also has an MBA and can assist the new owner with a business plan that addresses finances, expansion of the firm and marketing.
• Great location in a professional center with other professionals perfectly positioned for any lawyer to step in and take over.
• Valuable Name, website, and social media accounts are all included.
• The current owner will remain with the firm for a year to assist in the transition of clients, referral sources, relationships and related items to the new owner.
• The Seller is motivated to sell and has priced the practice way below market.
• Great opportunity that cannot be missed.
Detailed Information
Facility: 2,400 SF @ $3,873/M, Expires 11/30/2021 | Beautiful office with several conference rooms. Great location in a professional park with other lawyers. Office occupies 2400 Sq. Foot +/- office in a professional business park that includes a number of other law firms, accountants and other professionals. the practice has been in this location for five years and recently signed a two year extension on the lease through November, 2021. The lease is extendable beyond that date.
Competition: The market place is predominately comprised of small – one attorney and one paralegal – law firms and a handful of larger firms that dominate the market. We are one of those firms. The firm’s marketing consist of a multi faceted internet and social media program that can be customized to generate targeting types of clients and cases.
Growth & Expansion: Growth opportunities are significant. The population in this area is increasing at approx. 10% per year and the median financial assets/income of prospective clients is growing as well. Expansion can also lead to higher profitability and income for the firm and the owner. All in all, this is a wonderful market place for a well branded family law firm which has an excellent reputation.
Financing: Negotiable
Support & Training: Current owner will remain with the firm for a year to assist with training and support of the new owner and his staff – current and additional hires. Policies and Procedures are already in place and operational. Training is available from the current owner, staff and outsourced trainers. The current owner is committed to do everything to insure the new owner success.
Reason for Selling: Retiring
Direct all inquiries to Rita Barbato (813) 833-0487 or Rita@AListGroup.com
