MergerPlace

RE Law Firm-Countywide Following

North Carolina (Wake)


  • Asking Price: $360,000
  • Gross Income: $613,606
  • Cash Flow: $166,633
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,000
  • Listing ID: #197121
  • Established: 1994
  • Employees: 6 FT

Business Description

This law firm is a successful, profitable and well-established law firm practicing in areas of 1) residential and commercial real estate acquisitions, 2) financing and development transactions, 3) wills and estates, and 4) business organization and operation. These services provide a consistent, diverse and steady income. The attorney initially established her business in 1994 then expanded operations in 2003. The Firm is easily in the top 3 firms in the area that practice real estate law from a revenue and name recognition standpoint. The Firm serves customers in the Triangle area of North Carolina, the second fastest growing county in the US. The business can easily expand to additional surrounding areas with minimal additional staffing. Its experienced staff will remain in place and the Owner plans to stay on for a negotiated period of time to assist the Buyer with a smooth transition.


Business Details

Primary Business Category: Services - Professional, Scientific and Technical
Location: North Carolina
County: Wake

Company Information

Year Established: 1994
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6 FT

Financial Information

Asking Price: $360,000
Gross Revenue: $613,606
Cash Flow: $166,633
FF&E: $30,000
Seller Financing Available: No

Property Information

Facilities:

The building in which the business currently operates is owned by a limited liability company in which the Seller has an ownership interest. The current space is 3,454 square feet. Seller pays market rent and landlord will continue to seek same after the sale. Length and terms of new lease are negotiable. The real estate is being represented by Heather Holding (NC 280495).

Growth & expansion opportunities:

The Firm serves customers primarily in the Wake, Franklin and Granville counties of North Carolina. The business can easily expand services to Durham, Nash, Vance, Warren and Johnston Counties. An additional attorney (Buyer) would serve these counties for a negotiated period of time until the Seller was ready to transfer completely away from the practice.

Competition:

Only a few practicing attorneys in the local area handle real estate closings, so there isn’t much competition nearby.

Reason for selling:

The Owner seeks to retire after a long and successful legal career and insure the continuation of the business for the continued benefit of the clients and employees.

Support & Training:

Will train for 6 weeks @ no cost. The Firm provides the following legal services: Residential and commercial real estate acquisition, Real Estate financing and development, Wills and estates, Business Organization and Operations, 1031 Tax Free Exchanges. A law degree and a license to practice law within the State of North Carolina is required.

Contact Business Seller

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Business Listed By:

Jeff Johnson

Murphy Business Brokers