Highly Respected, Full-Service Law Practice in Texas

Asking Price$500,000

Cash Flow
$198,692
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$384,308

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Highly Respected, Full-Service Law Practice in Texas


Asking Price$500,000

Cash Flow
$198,692
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$384,308

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Small town law firm in a part of Texas where quality of life & affordable living are two of the biggest selling points of this amazing opportunity. The firm has a sterling reputation and 4.6 stars on Google after almost 40 years in the community. The Practice is very active in the community and has relied on its amazing word-of-mouth network and a billboard for new business.

They have not invested in a website or social media platform, which grants the new attorney(s) a tremendous opportunity to build awareness and reach a broader audience. While not the Firm's focus, criminal and family law cases are the highest percentage of the business by revenue. A new attorney(s) could build these two highly profitable specialties to grow the business.

The town boasts a lack of local legal competition, a terrific school system with fewer than 1,200 students, kindergarten through high school, and a beautiful park system. The quality of life and lower cost of living are a huge draw for transplants from larger cities. An increase in population means a larger client base. The firm is highly profitable, with a 40% cash flow margin in 2022 & 2023 numbers are trending up in all categories.

The business and the real estate are a package deal and will be sold together. The business is 600k, and the real estate should be valued at approximately 400k. The final price for the real estate will be determined by an appraisal.
About the Business
Years in Operation
41
Employees
3
Facilities & Assets
2386 sq. ft. office and property and the adjacent lot. Combined, lots are 0.466 acres. The sale also includes all office furniture and computers.
Market Outlook / Competition
This E. Texas community boasts a lack of local legal competition.
Opportunities for Growth
Offering services outside of the current structure, including but not limited to criminal and family law.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
2,386
About the Sale
Seller Motivation
Retirement
Transition Support
The owners grew up in the area & will work with the buyer to make the transition & introductions needed to be successful from day one.
Listing Info
ID
2187133
Listing Views
2331

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Business Listed by: Ethan Day Peterson Acquisition

Listing ID: 2187133 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.