Legal Practice - Prime Location - Priced To Sell
Location Brooklyn, New York, United States
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $126503
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1998
Number of Employees 1 - 3
Inventory 5000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training 1 week training & up to 1 year to help transfer accounts and make introductions to clients
Reason for Sale Retiring
Description Divorce Mediation and Mortgage Modification Practice. Seller practiced Law up until recently, working primarily in Criminal Law, Contested Divorces, and Real Estate matters in addition to seller's current areas of practice. 30 to 50 cases ongoing at any given time. Large number of client accounts and collaboration with other attorneys. Seller willing to stay on up to one year to make any necessary introductions and ensure transferability of accounts.
Seller Financing - 33% Cash Down - Seller will Finance 67% of Price over 5 Years at 5% Simple Interest Rate
Began in 1998, Seller has an extensive background in Mediation services while also practicing Law.
No similar businesses in near proximity. Desirable location with heavy foot traffic ensures a constant flow of business, in addition to seller's list of accounts. Seller's longtime and established practice sets business apart from any potential competition which may arise.
High potential to grow business through the merger of client accounts and additional collaboration with attorneys. Perfect addition to an existing legal practice, opening up an additional stream of revenue and maximizing number of accounts which can be transferred.
Click Here To Contact Seller
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