Business Overview

Established, highly successful, business and trust litigation law firm, with 50% profitability and poised for growth and is set up to become 100% virtual. While the main office is based in Oregon, the firm serves California, Idaho, and Washington and is completely turn-key and ready for new ownership. The firm’s service by revenue breakdown is 25% Closely Held Business Disputes, 25% Trust and Probate Litigation, 20% Complex Commercial Litigation, 15% Real Estate Litigation, 10% Construction Law, and 5% Other. As of February 2022, the Practice has approximately 22 active litigation matters plus 59 Gen Corp repeat clients, comprised mostly of licensed business owners, contractors, trustees, and individuals. Additionally, there are over 770 clients and referral sources in the Practice’s database that could be easily mined for referrals using the firm’s client relations management software, if desired. For the past three (3) years, the Practice has averaged gross revenues of ~$597,621 (2019-2021) and in 2021, brought in gross receipts of $799,190. As of February 2022, the Practice employs four (4) staff, including the Owner who is willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period of time up to one (1) year, if desired. To learn more about this exciting business opportunity, call us at 253.509.9224 or, send an email to info@privatepracticetransitions.com, with “1192 Preeminent Virtual-Ready Law Firm” in the subject line.

Financial

  • Asking Price: $840,000
  • Cash Flow: N/A
  • Gross Revenue: $798,706
  • EBITDA: $321,752
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,000
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner is willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period of time up to one (1) year if desired.

Additional Info

The company was started in 2015, making the business 7 years old.

The business has 4 employees and is located in a building with approx. square footage of 2,000 sq ft.
The building is leased by the business for $3,255 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell companies. However, the true factor and the one they say to you may be 2 completely different things. As an example, they might state "I have way too many other commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in incomes, or a variety of other reasons. This is why it is very crucial that you not depend totally on a vendor's word, yet instead, make use of the vendor's answer in conjunction with your general due diligence. This will repaint an extra reasonable image of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover points like inventory, payroll, accounts payable, etc. Remember that occasionally this can mean that profit margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be met or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in brand-new customers? Many times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Particular aspects such as new competitors sprouting up around the area, road building and construction, and employee turnover can affect repeat clients as well as adversely impact future revenues. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the higher the possibility to build a returning client base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the local average home income effect future revenue prospects?