High-Growth Virtual Plaintiff Property Insurance Law Practice For Sale

Broward County, FL

Seller Financing Available

Law Firm Pic
Asking Price:$1,995,000
Gross Revenue:$3,093,581
Cash Flow:$800,118
Established Year:2020
BUSINESS DESCRIPTION

This highly successful property insurance law firm represents property owners throughout Florida in insurance claim disputes. The practice operates on a fully remote model with sophisticated systems and processes in place. Key features include:
- Established team of 10 full-time employees and 5 virtual assistants,
- Strong referral network with 50% of business from public adjusters,
- Advanced tech stack including Filevine, LeadDocket, and automated workflows,
- Diversified marketing channels including direct advertising and industry relationships,
- High average fee per case, and
- Currently experiencing significant growth potential from 2024 hurricane season claims.
Total purchase price is approximate as it will be based on contingency payments.
(Gross revenue and cash flow numbers are year 2023).


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
15
Facilities
The firm is completely run from a virtual office arrangement. Firm has mail service and conference room access in Fort Lauderdale.
Growth & Expansion
Statewide Florida practice experiencing significant growth from recent Florida hurricane claims which will continue into 2025. Property insurance disputes remain a growing practice area. Opportunity to expand marketing efforts and referral relationships.
Financing
$250,000 down payment plus 20% of attorney fees for approximately three years.
Support & Training
Owner will provide 4 weeks of post-closing training, 3 months of referral source transition assistance, and remain as "of counsel" to the firm for up to one year.
Reason for Selling
Owner recently married and focusing on family and coaching business.
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Ed
Alexander
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Ed Alexander