Legal Practice with Property Available

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Asking Price:
$595,000

Gross Revenue:
$689,396
Cash Flow:
$300,198
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$30,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Legal Firm in Virginia specializing in Estate Planning and Elder Law. This firm works with clients in establishing a plan to protect a family’s wealth and to insure that wealth and value appropriately pass along to the next generation. In practice, the firm works with family members to develop an entire legal strategy in areas including wills, revocable living trusts, irrevocable trusts, durable powers of attorney and health care documents. This is just the tip of the iceberg as there are many aspects of estate planning, all of which need to be reviewed and thoroughly understood and all are specific to each individual, client and client’s family members. The firm has been in operation over 15 years and currently supports in excess of 3,000 clients. Centrally located with convenient access and adequate parking the interior of the business is exquisitely decorated and furnished creating both an atmosphere and operating space conducive to the business at hand.

About the Business

Year Established:
2006
Number of Employees:
2 FT/2 PT
Relocatable:
Yes
Facilities:
The Real Estate, in excess of 3,000 square feet, is owned by the owners of the business and is offered fully furnished for $750,000. Alternatively, a buyer may enter into a lease at $5,000 per month and maintain an option to purchase in the future along with a Right of First Refusal. The Practice will require some transition for a buying candidate, and the owner is willing to stay on for an extended period of time to insure the buyer an appropriate transition into the business and the client base.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
Will train for 4 weeks @ $0 cost.

Listing Info

ID:
1554493
Ad Detail Views:
138

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Business Listed by

Frank Chebalo, CBI, ABI, CMSBB, CBC

Murphy Business & Financial Corporation

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Source: American Community Survey (2010-2014), United States Census Bureau.

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