18th January 2013 - 15:44 | London UK, North West | Price: £100,000
This is a perfect opportunity for a solicitor to build on a successful operation. The firm has been established for 7 years and has serviced over 6700 Clients. We also operate a legal assistance program for our Clients with over 130 paid members in 2012. Currently their are 2 principals and not enough earnings, but one could develop and continue the practice which has significant client base. Last year VAT turnover was £171,000 with adjusted earnings of £66,333. Due to the economy this years turnover and adjusted earnings will be about 10% less.The practice revolves around an office practice principally engaged in company work with some conveyancing and leasehold matters. No legal aid. The practice has been in it's current location from it's inception and currently has a month to month lease which could be converted into a longer term leasehold or the practice could be moved because the vast majority of the clients are serviced over the phone or via email.The firm is fully licensed with the SRA. A purchaser would buy the company stock, which would come with all the operating assets of the firm including bank accounts, telephones, office equipment & furniture and extensive website. The purchase price of the company is £100,000. with £50,000. down payment and the balance over 5 years at prevailing interest rates.
If interested please respond with your details. We will only respond to licensed solicitors inquiries.
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