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Referral Based Auto Accident Personal Injury Law Firm For Sale

Orlando, FL

Seller Financing Available

Law Firm Pic
Asking Price:$495,000
Gross Revenue:$490,645
FF&E:$15,000
Cash Flow:$229,750
Rent:$3,500/Month
Established Year:2015
Listing ID: 2274629Listing provided by BizBuySell
BUSINESS DESCRIPTION

This auto accident personal injury law firm is perfect for a firm looking to expand an existing injury practice or an experienced lawyer looking to own a firm without the hassle of starting from scratch. The firm has a large number of referral sources, including lawyers, medical professionals, and former clients, a technology-based system for following up with prospective new clients, an automated client update communications process, and does not advertise. The firm has two owners, one who works full-time managing the firm and the other works part-time. Both owners are leaving the practice of law, with one focusing on other business interests. Both owners will transition clients and referral source relationships to the buyer after the sale.
This is a great opportunity to take advantage of a growing personal injury practice that is based on referral relationships rather than expensive and ineffective television and Internet advertising and utilizes technology to create above-average profitability.
The owners are willing to finance $395,000 of the purchase.

DETAILED INFORMATION
Location
Orlando, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,200
Lease Expiration
31/05/2025
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
Orange County is a suburban county including Orlando, Theme Parks, and the I-Drive attractions area. It has approximately 1.43MM residents, 75MM visitors annually, a median age of 36 and an average annual household income of just over $72,600.
Growth & Expansion
The buyer can enhance the existing referral relationships in the law and medical communities through face-to-face meetings, other events, and newsletters, and activate existing and former clients through print newsletter.
Financing
The owners are willing to finance $395,000 of the purchase.
Support & Training
Both owners are willing to be of counsel to the firm to transfer files, and client and referral source relationships to the buyer and to enable the buyer to use the owners’ names as of counsel with the buyer’s firm post-closing. One owner is also willing to coach the buyer on law firm business development for six months after the closing at no cost to the buyer.
Reason for Selling
An owner has accepted a position as a professor at a law school.
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Ed
Alexander
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Ed Alexander
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