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Family & Divorce Law Firm – Seller Will Stay on Long Term

Owner has very low caseload!

CASH FLOW
$950,230

Specifications

  • Price
    $1,915,000

  • Revenue
    $2,241,372

  • Cash Flow
    $950,230

  • Industry
    Professional: Financial/Office Services

  • Location
    Connecticut

  • Service Area
    Throughout the state of Connecticut with 2 locations

  • Profit Margin
    30%

  • Employees
    11 on staff including an office manager, 4 Lawyers, 3 Paralegals, an Administrator, and Receptionist

 

The firm’s case breakdown reveals a strong focus on divorce proceedings, which is approximately 70% of their caseload, custody applications make up about 25% of cases, with the remaining 5% in other legal matters and mediation services. This firm provides family law-related services throughout the state of Connecticut, catering to various legal needs including divorce, custody, mediation, living wills & estate planning, as well as consulting services. The seller delegates caseloads among staff and manages productivity. Owner has very, very low caseload which can be easily absorbed by the legal team. This firm employs a dedicated team of 11 staff members comprising the office manager, four lawyers, three paralegals, an administrator, and a receptionist. Operating from two locations, with a 3rd on the way, allows for strategic positioning which enables them to serve a broad clientele across Connecticut effectively. Unfortunately, the divorce rate has more than doubled in the US since 1990. To ensure a smooth transition for a new owner, the seller has committed to providing a transition period of two years based on buyer preference. Priced at $1,915,000 a 10% down payment of $191,500 could return $297,093 in the first year after debt payments! Growth opportunities include geographical expansion and marketing in new territories within Connecticut or even beyond state lines.

 

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210 N 78th St. 2nd Floor
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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.