Listing ID: KLM26042018

Location: Edmonton, Alberta

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Type

Family Law/General Law Practice

 

Business Overview

This successful law firm has five years of building a solid reputation and is known for their top-notch legal services in the areas of Collaborative Family Law, Mediation, Family Law, Wills and Estates and civil litigation. This professional firm has earned an excellent reputation in the industry with many referrals and repeat clientele. Their highly qualified team of legal professionals strives to guide their clients through the legal process and options to create a positive resolution to stressful situations.

Located in a vibrant community thirty minutes from downtown Edmonton, this firm is ideally situated to expand into other areas of law, such as real estate and civil litigation. There is also a largely untapped market just West of the firm who require Family Law services that currently is underserved.

This practice would be ideal for a junior or senior lawyer wanting to purchase an established law practice with excellent growth opportunities.

 

Why This Business

  • Well established and an excellent stable reputation.
  • Significant number of active cases in progress for 2018.
  • Specialized Family Law practice with unlimited growth potential in other areas of law,  i.e. real estate law
  • Ideal location in a rapidly growing business district.
  • Substantial leasehold improvements.
  • Sizeable potential client base in surrounding area.
  • Lease in place until 2023 with the option to renew or purchase units.

Are the current owners the founders? Yes
Owner Support/Training:  Vendor is willing to negotiate a transition period for a limited amount of time
Reason for Sale: Owner is relocating.

Business Premises and Location

Does the Vendor own the premises? No
Is the premises part of this sale? No
What is the cost of the lease? $6032.40 (2742 sq. ft.) + condo fees and yearly taxes.

Documents Available For Review (Subject to Offer)

Business Sales Memorandum, Financial Statements, Equipment List

Operational Summary

Snapshot

Annual Revenue: $ 1,268,987 (3 yr. average)

Discretionary Earnings: $ 433,432 (3 yr. average)

Assets: $ 50,000.00

Information

  • Year Established – 2012

  • # of Employees – 2

  • Asking Price – $ 450,000.000

  • Seller Financing – Not Available

  • Inventory $N/A

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