Established Law Practice in Oakland County MI
Oakland County

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.

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 aras including storage in the basement, the conference room, the kitchen, file room, and the two bathrooms.

Número de listado:

23073

Categoría:

Professional Services

Ubicación:

Oakland County
$90,000

Información financiera:

Ingresos brutos:

$167,855

Precio listado:

$90,000

Depósito:

$0

Ingresos totales:

$0

Año Establecido:

2006

Información de arrendamiento:

Pies cuadrados:

1200

Renta total:

$700

Vencimiento del arrendamiento:

N/A

Opciones de arrendamiento:

N/A

Información de activos:

Mejoras arrendatarias:

$0

Equipos / Accesorios:

0

Inventario:

$0

Otros activos:

N/A

Información adicional:

Empleados de tiempo completo:

Empleados de tiempo completo

Empleados a tiempo parcial:

0

Licencia especial requerida:

N/A

Personal contratado:

0

Periodo de entrenamiento:

4 weeks

Razón de venta:

transition to retirement

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brokerPhoto
Ken Lee
Office: (248) 218-2630 | Cell: (248) 218-2630
License #: MI 6505426729

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Established Law Practice in Oakland County MI
Oakland County

Listing Number:

23073

Category:

Professional Services

Location:

Oakland County

Listed Price:

$90,000
brokerPhoto
Ken Lee
Office: (248) 218-2630 | Cell: (248) 218-2630
License #: MI 6505426729

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.

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 aras including storage in the basement, the conference room, the kitchen, file room, and the two bathrooms.

Financial Information

Gross Revenue:

$167,855

Listed Price:

$90,000

Down Payment:

$0

Total Income:

$0

Year Established:

2006

Lease Information

Square Feet:

1200

Total Rent:

$700

Lease Expiration:

N/A

Lease Options:

N/A

Asset Information

Leasehold Improvements:

$0

Equipment / Fixtures:

0

Inventory:

$0

Other Assets:

N/A

Additional Information

Full-Time Employees:

0

Part-Time Employees:

0

Special License Required:

N/A

Contract Staff:

0

Training Period:

4 weeks

Reason for Selling:

transition to retirement

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


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