Business Overview

Highly Successful Criminal Defense Law Firm for Sale! This is a rare opportunity in the legal space to acquire a highly reputable, profitable, and long-established criminal defense law firm located in North Los Angeles County. The firm has been providing criminal defense representation to the community for 3 decades and has built an outstanding reputation as the market leader in the area. The Firm handles cases in all matters of criminal charges, ranging from DUI, fraud, theft, assault & battery, drugs, to manslaughter or murder. The Firm has highly experienced, long-term employees, including attorneys who handle most cases that will remain at the firm. The Seller is willing to stay on with the buyer post-sale. This is an exciting opportunity for an existing law firm looking to expand or for one or more lawyers looking to take over an existing law practice! Call now! Or email inquiries to: ddube@fcbb.com

Financial

  • Asking Price: $1,200,000
  • Cash Flow: $489,609
  • Gross Revenue: $1,515,181
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1998

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business has a leased location of 3,500 square feet with a total monthly rental of $3,500. The seller is active in business with 7 FT and 2 PT employee. Hours of operation are 8:30am - 5:30pm, Monday - Friday. Included in asking price: $25,000 in equipment and fixtures.

Is Support & Training Included:

30 Days

Purpose For Selling:

Retiring

Additional Info

The company was started in 1998, making the business 24 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell operating businesses. Nonetheless, the real factor and the one they say to you may be 2 absolutely different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a range of various other factors. This is why it is extremely essential that you not depend completely on a vendor's word, yet instead, use the vendor's answer combined with your overall due diligence. This will repaint a more sensible picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover things such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that revenue margins are too small. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be met or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new customers? Many times, businesses have repeat consumers, which develop the core of their everyday earnings. Particular aspects such as brand-new competition growing up around the location, roadway construction, and also employee turn over can influence repeat clients and also adversely affect future incomes. One essential thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to build a returning consumer base. A final idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the regional average family earnings effect future earnings prospects?