Legal Practice With Specialty In Family Law Matter

Business Overview:

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 firm’s case breakdown reveals a strong focus on divorce proceedings, which isapproximately 70% of their caseload, custody applications make up about 25% of cases, with the remaining 5% in other legal matters and mediation services. 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. This firm employs a dedicated team of 11 staff members comprisingthe office manager, four lawyers, three paralegals, an administrator, and a receptionist. The seller delegates caseloads among staff and manages productivity. Owner has very, very low caseload which can be easily absorbed by the legal team. The decision to sell stems from the owner’s desire to change direction and embark on the next chapter of life. To ensure a smooth transition for a new owner, the seller has committed to providing training over a period of one to two years based on buyer preference. This transition presents an opportunity for potential buyers who may wish to continue building upon the firm’s established reputation while exploring new growth avenues.Priced at $1,950,000 a 10% down payment of $195,000 could return $250,714 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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Market Competition and Expansion:

Growth Opportunities: Expand geographically in order to market in new territories – 3rd location coming soon.

Reason for Selling:

Additional Details:

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