Listing ID: 76907
Highly successful multi-attorney law firm for sale! This is a one-of-a-kind opportunity in the legal space to acquire a highly reputable, profitable, and growing family law firm located in Los Angeles County. The firm’s revenue has grown over 20% year-over-year for the last three years, and it is on track to have its best year yet! Fully staffed with a highly experienced multilingual law team, the firm handles all matters of family law. With a team of 10+ attorneys and 15+ support staff, the firm is well-managed with streamlined processes, technology, and advertising funnels. The Seller’s time is mostly dedicated to firm management, and the Seller will stay on for an extended transition period post-sale. This is an exciting opportunity to acquire a completely turnkey, profitable law firm. This is the perfect acquisition for an existing law firm looking grow through acquisition or expand into the Southern CA market!! Call now or email inquiries to: email@example.com
- Asking Price: $3,200,000
- Cash Flow: $595,588
- Gross Revenue: $3,189,320
- EBITDA: N/A
- FF&E: $70,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:23
- Furniture, Fixtures and Equipment:N/A
Ready to step back and focus on other ventures.
The venture was started in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. Nonetheless, the genuine factor and the one they say to you may be 2 totally different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or an array of various other reasons. This is why it is extremely important that you not count totally on a vendor's word, however instead, utilize the seller's solution in conjunction with your overall due diligence. This will paint an extra realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover things like inventory, payroll, accounts payable, etc. Remember that sometimes this can imply that earnings margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new clients? Most times, companies have repeat customers, which develop the core of their everyday earnings. Specific variables such as new competition sprouting up around the location, road building, as well as staff turnover can impact repeat consumers and adversely influence future profits. One crucial point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the greater the chance to develop a returning client base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood median home earnings influence future earnings potential?