Listing ID: MKC 01242018

Location: Edmonton, Alberta

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Type

Law Practice

 

Business Overview

Lucrative Law Practice composed of Civil Litigation, Family Law, Corporate Law, Wills & Estates, Real Estate law and other documents of intent. This professional firm has earned an excellent reputation in the industry with 38 years of practice. With referrals and repeat clientele, this law firm maintains steady revenues year over year.

The specialized practice is situated in an ideal location in the North East end of Edmonton, surrounded by other professional offices, retail shops and restaurants. With easy access off main routes and ample customer parking, this is a great location.

This practice would be suitable for a junior or senior lawyer wanting to purchase an established law practice with excellent opportunity for expansion into other legal areas. With low competition in the immediate vicinity, the business can operate quite successfully as a 1 or 2 person office.

Why This Business

  • Sale includes: Good will – consisting of entire practice including approved client list, furniture and equipment
  • Photocopier lease assumption, in addition to sale price
  • Business name, phone numbers and website
  • Lease in place until Sept/2018 with possible renewal thereafter
  • Well established with excellent reputation in the industry

Are the current owners the founders? Yes
Is this a Franchise Business? No
Owner Support/Training: Vendor is willing to negotiate a transition period of up to 3 months. Fees apply.
Reason for Sale: Retirement

Business Premises and Location

Does the Vendor own the premises? No
Is the premises part of this sale? No, property is leased
What is the cost of the lease? $3,088.84 plus GST (1,381 sq.ft).

Documents Available For Review (Subject to Offer)

Business Sales Memorandum, Financial Statements, Equipment List

Operational Summary

Snapshot

Annual Revenue: $ 369,966 (2016)

Discretionary Earnings: $ 145,959 (2016)

Assets: $ 10,000

Information

  • Year Established – 1980

  • # of Employees – 1F/T, 1P/T

  • Asking Price – $160,000.00

  • Seller Financing – Negotiable

  • Inventory – N/A

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