See Similar Listings

UNDER CONTRACT: Established Law Practice in Oakland County MI

Oakland County, MI
listing image
Sale Pending
Asking Price:$90,000
Gross Revenue:$167,855
Established Year:2006
Cash Flow:$106,070
Rent:$700
Listing ID: 2214566Listing provided by BizBuySell
BUSINESS DESCRIPTION

This law practice was established in 2006 and is experiencing an increasing revenue trend, but the owner is interested in retiring. The owner practices general business law primarily in the areas of business contracts, real estate, employee contracts, supplier / contractor contracts, and securities. Industries are various ranging from restaurants to construction to manufacturing. Activities are 50-50 transactional v. litigation. The attorney owns the building and can provide an office to the Buyer for approximately $800/mo if needed. Owner is interested in facilitating a smooth transition with his long-time clients, perhaps working as a full-time employee post-close and then winding down to 20 hours per week within 3-6 months, then continuing to reduce hours after that.

DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,200
Facilities
The buyer may rent an office in a 1200 sf standalone building downtown for $700. This is one of 4 offices, the others occupied by other attorneys. Occupants share common areas including storage in the basement, the conference room, the kitchen, file room, and the two bathrooms.
Reason for Selling
Transition to retirement
Report an Issue with this listing
Ken Lee
Call Phone