Family & Divorce Law Firm – Seller Will Stay

Business Overview:

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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Property Features and Assets:

Facility: Main location has 2 fully occupied buildings with 4,400 sq ft. The second location is 800 sq ft

Market Competition and Expansion:

Expand geographically in order to market in new territories – 3rd location coming soon

Reason for Selling:

Additional Details:

Documents:

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