MergerPlace

Professional Evaluation & Review

New York


  • Asking Price: $250,000
  • Gross Income: $239,200
  • Cash Flow: $165,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #211020
  • Established: 1980
  • Employees: 1

Business Description

This company provides upward reviews for top tier global law firms. The client base is very stable – customized web sites and customized reporting, along with the historical data included in individual feedback reports being held by the company means client turnover is minimal. The company would make an easy add on to a buyer with existing upward review processes. Alternatively, the company’s existing client base would provide ready entry to a buyer looking to move into the field of law firm upward reviews, given the prestigious list of clients that would open doors at other law firms. The company is currently owner-operated with no employees but could be managed by one employed individual for approximately $60,000 annually.


Business Details

Primary Business Category: Internet Related - Business Services B2B
Location: New York

Company Information

Year Established: 1980
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1

Financial Information

Asking Price: $250,000
Gross Revenue: $239,200
Cash Flow: $165,000
Seller Financing Available: Yes

Property Information

Facilities:

Office-can be operated virtually

Growth & expansion opportunities:

Large law firms spend $250,000+ per recruit. The size of these firms makes it hard to know which partners may not be treating junior attorneys well and contributing to unwanted turnover. The upward reviews (conducted in secure, encrypted sessions) give junior attorneys an opportunity to safely provide upward feedback not just to the partners, but also to firm management, who can then assist partners in developing their team management and supervision skills. Potential growth to numerous law firms, CPA firms or other professional service firms. Considering the desire of professional firms to seek quality candidates as staff and supervisors, the service of evaluating the management and partners will grow exponentially.

Reason for selling:

Retirement

Support & Training:

Complete training with owner who will remain in place

Contact Business Seller

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Business Listed By:

Anthony Citrolo

The NYBB Group