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Businesses For Sale   >>   Ohio Businesses For Sale Categories   >>   

Suburban Law Firm For Sale - Retained Client Base

Location  Ohio,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $770000
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1978
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Training  Seller will support transition as necessary.
Reason for Sale  Transition into retirement.
Description  This law firm was founded about 30 years ago and has been operated since then under its current owner, associated attorneys, paralegals and legal staff. The firm has 3 attorneys (including the owner) and one independent contractor (Of Counsel) who also performs trial work in major cases. In addition the firm employs two paralegals and two support/secretarial personnel. The firm's practice has continually grown and, at the present time, is providing legal counsel to small and large businesses, as well as individual clients located in 4 counties in North East Ohio. In addition, the firm has provided legal counsel to a number of manufacturing, transportation and service companies throughout Ohio and contiguous states. While the 2010 revenues of the firm were in the high $700K's, over the past ten years they averaged in the mid-$900K's. Enterprise Development Resources, Inc. is neither a Broker-Dealer nor a registered Investment Adviser. Where applicable, securities transactions are conducted by RWI, LLC, member FINRA, MSRB, and SIPC. In the event there is any applicable Real Estate Transaction it will be conducted via Pro-Classic Real Estate, Inc.
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