BizEx198-RD: Culver City Law Office, SBA Pre-Approved
Background:
General Location:
Culver City, CA
Category:
Services > Legal Services
Years in Business:
25
Under Present Owner:
25
Hours of Operation:
M-F 9-5
Owner Hours:
M-F
Training:
Yes
Organization Type:
C Corp
Lease Expiration:
4 years
Lease Options:
Building Size:
1,500 sqft
Employees:
1 FT
Reason for Sale:
Expanding
Financials
Asking Price:
$105,000
Down Payment:
Negotiable
Gross Sales:
$168,694
Discretionary Cash Flow:
$70,431
FF&E:
$ 10,000
Inventory Included?
No
Inventory:
$ 0
Minimum Operating Capital:
$ 0
Real Estate Available?
No
Real Estate Asking Price:
$ 0
Rent:
$ 3,857/month
Payroll:
$2,000/month
Financing:
Call
2009
2008
2007
Gross Sales
168,694
274,263
218,557
Gross Profit
Disc. Earnings
70,431
* YTD as of , ** = Prorated.
Broker Info
Robert Dean
Business Broker
(310) 882-2200 ext 122
LIC# 01720308
Summary
Law Practice for Sale is a 25 year old, revenue generating business in Culver City, California. The company provides quality, affordable legal services at a low flat fee; hence there are little or no receivables. This revolutionary law firm specializes in Family Law, Divorce, Probate, Bankruptcy and Estate Planning.
With only a part-time attorney working approximately 20 hours a week, in 2009 they handled over 127 cases, namely 85 divorces (or annulments/legal separations/paternities), 8 motions, orders to show cause & documents, 15 wills/trusts, 5 probates, and 14 bankruptcies. This high volume practice assures a constant stream of clients and also provides a base for referrals. A full time attorney would have the ability to greatly increase revenues by taking on more cases and upgrading clients to full representation.
In addition to their walk-in clients at their storefront office, more than 50% of the clients come from the internet. The company's website is optimized and gaining recognition in organic search results. This is an incredible opportunity for a new owner to add to his/her existing practice. He/She would have a valid California State Bar Law License and at least 2 years divorce & family law experience.
The owner is selling this office so that he can concentrate on marketing and expanding his concept throughout California.
To receive a complete Confidential Business Review and full concept disclosure, please register as a buyer at www.bizex.net and contact Business Broker Robert Dean at 310-793-6757. Email: rdean@bizex.net
DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its
accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting
interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
