Residential & Commercial Property Solicitors For Sale

Business description

Established five years ago by the current owner this business has achieved superb turnover of circa £1 Million, with net profits of circa £250,000 in a very short space of time and have excellent growth and future potential, yet to be maximised.

This is an ideally located solicitors practice situated on a busy main road in a densely populated area of Middlesex, opposite a busy tube station, providing them with a constant stream of passing foot and vehicular traffic. They operate from modern air conditioned premises with secure parking and specialise in residential and commercial property and wills etc. There are a total of two solicitors including the owner, very ably assisted by a team of very knowledgeable and experienced staff. This enables them to provide an exceptional level of service to all their clients and this, combined with speedy response to all enquiries and augmented with good client communication, truly sets them apart from other practices and has been the basis for their tremendous growth pattern to date.

They have a reputation among their clients as being reliable and efficient; a reputation that has been hard won and maintained each and every day, due to the knowledge, unswerving diligence and hard work imparted by all staff and principles. This is a business that has carved a niche for itself and will maintain this niche into the future, providing ever greater levels of growth and profit into the future. There are several lucrative avenues a new and enthusiastic owner could take this business, or they could just put their feet up and reap the significant rewards already being enjoyed by the current owner.

Property information

Location:

Ideally located on a busy main road opposite a busy tube station in modern air conditioned premises this practice benefits from a large volume of passing traffic, both foot and vehicular and further benefits from the affluence of this densely populated superb of Greater London.

The offices are on the ground floor of this office block and offer disabled access to the reception, where you become immediately aware of the significant presence and prestige of this practice. Further into the premises are three well presented client meeting rooms, and eleven offices, with kitchen, staff, client and disabled toilet facilities, covering approximately 1,900 sq ft of office staff in total. To the rear are five secure parking spaces included in the lease. The lease is a fully renewable 5 year lease, expiring August 2009 at a rent of £30,000 per annum with £13,000 rates being payable currently.

Other information

Expansion potential:

The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

This business is based in an attractive location and could certainly achieve increased sales and profits. The business would ideally suit an owner who could build on this Company’s excellent reputation and relationships with the strong client base.

Competition / Market:

The business has used little advertising in the past, so there are excellent opportunities to increase this activity, develop the name perhaps through marketing the business more aggressively and to significantly increase turnover. There is currently a website but more work in this area would also undoubtedly increase turnover and subsequent profits. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Support & training:

The owner is happy to provide a handover period for the new owner and will offer support after the sale as well as introducing the new owner to clients and agents where appropriate.

Reasons for selling:

Having achieved what he desired financially from the business the owner now wishes to pursue other business opportunities he has outside this profession and to spend more time with his family.

Trading hours:

Monday – Friday 9.00 – 5.00 closing for an hour at lunch time.