Under Contract - Semi-Absentee Personal Injury Law Firm For Sale
Business Description
This is a well-established personal injury law firm based in Austin, Texas, with years of experience representing injured individuals across the state.The firm was created to offer a client-focused alternative to large, high-volume firms, ensuring personalized legal representation for those suffering from car accidents, truck accidents, motorcycle accidents, and other serious injury cases.
The firm operates on a contingency fee basis, earning 33% of total settlements in standard cases and up to 45% in complex litigation. Revenue is solely generated from case settlements, with no hourly billing or consultation fees.
With an active docket of approximately 200 cases at any given time, this firm averages 7-10 new cases per month, primarily through its 5-star online Google listing and word-of-mouth referrals from satisfied clients.
Top Things You Should Know About This Business:
- The current owner works 20-25 hours a week handling management/owner day-to-day duties.
- The Seller will occasionally fill in for depositions or hearings when key attorneys are unavailable or ill.
- The firm has Key Attorneys in place for all the case work.
- Since 2021, the firm has consistently generated over $1,800,000 in Seller’s Earnings, with 2021 exceeding $5,000,000 and 2022 exceeding $4,000,000.
- The Seller’s Discretionary Earnings for the last four years are as follows:
2024 = $2,583,060
2023 = $1,824,977
2022 = $4,994,726
2021 = $5,470,576
ATTENTION BUYERS: If interested, we will require all potential buyers to show proof of funds for at least $800,000 and complete an NDA before releasing any information. This is the minimum down payment for an SBA 7a Loan with a Pari-Passu Conventional Loan totaling approximately $7,900,000 ($6,990,000 Sales Price + $750,000 Working Capital + $160,000 to seller for tax obligations for working capital). Additionally, to own a Law Firm in Texas, you need to be a Licensed Attorney.
Please feel free to inquire with any questions.
The firm operates on a contingency fee basis, earning 33% of total settlements in standard cases and up to 45% in complex litigation. Revenue is solely generated from case settlements, with no hourly billing or consultation fees.
With an active docket of approximately 200 cases at any given time, this firm averages 7-10 new cases per month, primarily through its 5-star online Google listing and word-of-mouth referrals from satisfied clients.
Top Things You Should Know About This Business:
- The current owner works 20-25 hours a week handling management/owner day-to-day duties.
- The Seller will occasionally fill in for depositions or hearings when key attorneys are unavailable or ill.
- The firm has Key Attorneys in place for all the case work.
- Since 2021, the firm has consistently generated over $1,800,000 in Seller’s Earnings, with 2021 exceeding $5,000,000 and 2022 exceeding $4,000,000.
- The Seller’s Discretionary Earnings for the last four years are as follows:
2024 = $2,583,060
2023 = $1,824,977
2022 = $4,994,726
2021 = $5,470,576
ATTENTION BUYERS: If interested, we will require all potential buyers to show proof of funds for at least $800,000 and complete an NDA before releasing any information. This is the minimum down payment for an SBA 7a Loan with a Pari-Passu Conventional Loan totaling approximately $7,900,000 ($6,990,000 Sales Price + $750,000 Working Capital + $160,000 to seller for tax obligations for working capital). Additionally, to own a Law Firm in Texas, you need to be a Licensed Attorney.
Please feel free to inquire with any questions.
About the Business
- Years in Operation
- 20
- Number of Employees
- 5
- Facilities & Assets
- Small office, 200+ Active Cases, Branding with many 5-Star Reviews.
Real Estate
- Owned or Leased
- Leased
- Rent
- $10,000.00 per month
- Lease Expiration
- 2/1/2028
About the Sale
- Seller Motivation
- Retirement/ Other Interests. Seller has been doing this for many years.
- Transition Support
- Depends on the buyer's need. Open for discussion.
Listing Info
- ID
- 2350891
- Listing Views
- 2810
Listing ID: 2350891 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.