Listing ID: 81261
THE OFFICE – Southern Nevada Law office for sale. This law office specializes in Civil Litigation, Personal Injury, Criminal Defense, Foreclosure, Traffic Tickets and Real Estate. The operation has one attorney, not including the seller, and one full time staff member. Clients come from referrals, general marketing (web presence, and social media).
STRATEGIC LOCATION – Office has tons of visibility, located on a very busy street in front of stop light and highway access! Owner also owns office and will provide favorable lease terms.
RETURN ON INVESTMENT – The revenue generated from the Traffic Ticket brand alone pays for all office expenses! Also, a handful of BIG cases are about to close and will allow YOU to recoup and make a great profit this next year. Sale includes all furniture and fixtures you need to continue running a successful office.
If you’re looking to expand or start your own office, this opportunity is a winner!
For more information on this law office business for sale in the West Las Vegas area please contact broker.
- Asking Price: $300,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. Nevertheless, the true factor vs the one they say to you might be 2 absolutely different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might just be justifications to attempt to hide the reality of altering demographics, increased competition, current reduction in profits, or a range of other reasons. This is why it is very vital that you not rely totally on a vendor's word, however instead, make use of the vendor's solution along with your general due diligence. This will paint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can indicate that earnings margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new clients? Often times, operating businesses have repeat consumers, which form the core of their everyday earnings. Specific variables such as brand-new competition sprouting up around the area, road building, and employee turn over can impact repeat consumers as well as negatively impact future earnings. One vital point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the greater the opportunity to develop a returning customer base. A last idea is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the local average house income influence future earnings prospects?