UNDER CONTRACT: Established Law Practice in Oakland County MI
Asking Price: | $90,000 |
Gross Revenue: | $167,855 |
Established Year: | 2006 |
Cash Flow: | $106,070 |
Rent: | $700 |
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.
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