Legal Practice with Specialty in Family Law Matters
Asking Price: | $1,950,000 |
Gross Revenue: | $1,765,191 |
Cash Flow: | $746,248 |
Established Year: | 2007 |
3 rd Location opening this year!
This firm provides family law-related services throughout the
state of Connecticut, catering to various legal needs including
divorce, custody, mediation, living wills & estate planning, as
well as consulting services. The firm’s case breakdown
reveals a strong focus on divorce proceedings, which is
approximately 70% of their caseload, custody applications
make up about 25% of cases, with the remaining 5% in other
legal matters and mediation services. Operating from two
locations, with a 3rd on the way, allows for strategic
positioning which enables them to serve a broad clientele
across Connecticut effectively. Unfortunately, the divorce rate
has more than doubled in the US since 1990. This firm
employs a dedicated team of 11 staff members comprising
the office manager, four lawyers, three paralegals, an
administrator, and a receptionist. The seller delegates
caseloads among staff and manages productivity. Owner has
very, very low caseload which can be easily absorbed by the
legal team. The decision to sell stems from the owner’s desire
to change direction and embark on the next chapter of life. To
ensure a smooth transition for a new owner, the seller has
committed to providing training over a period of one to two
years based on buyer preference. This transition presents an
opportunity for potential buyers who may wish to continue
building upon the firm’s established reputation while exploring
new growth avenues.
Priced at $1,950,000 a 10% down payment of $195,000 could
return $250,714 in the first year after debt payments! Growth
opportunities include geographical expansion and marketing
in new territories within Connecticut or even beyond state
lines.
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