Highly Respected, Full-Service Law Practice in Texas
| Asking Price: | $500,000 |
| Gross Revenue: | $340,450 |
| Cash Flow: | $136,157 |
| Established Year: | 1984 |
Established Law Practice Ready for New Energy
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.
