Law Practice For Sale
Location New Mexico,United States
Asking Price Range $250K - $500K
Gross Revenues $193500
Net Profit / Cash Flow $75447
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1988
Number of Employees 1 - 3
Inventory 12500
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description Established 24 years ago, this sole practitioner law practice is a recognized brand in Northern New Mexico. This office has consistently filed more bankruptcies than any other law office in the region. The firm is based in Santa Fe, one of the top rated cities in the country for arts, culture, restaurants, air quality and natural beauty. 2011 gross revenue of 193K is based upon a light 3 day work week, and 6 weeks of vacation annually. New owner could opt to increase revenues significantly with a 5 day week. Very strong referral network (84%) includes lawyers, professionals and former clients throughout northern New Mexico. Top brand web and print media marketing presence. Innovative automated systems make this an easy practice to administrate. Veteran paralegal of 16 years will stay on with the new owner, and current owner will provide 3 months of mentor ship at no charge, to assure a smooth transition. Unique opportunity to own a top performing firm that specializes in bankruptcy and foreclosure defense in beautiful Santa Fe. FF&E $12,500. Inventory $500. Cash Flow $75,447. Selling Price $285,000.
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