Pasadena
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Listing Number: 130-21532
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Category: Professional Services
| Asking Price | $500,000 |
| Down Payment | $250,000 |
| Gross Revenue | $485,710 |
| Total Adjusted Net Income | $256,054 |
| Equipment / Fixtures | $12,804 |
| Year Established | 2002 |
| General Location | Pasadena |
Lana Hout
- Office: (424) 832-3410
- Cell: (424) 272-1773
- thebusinessbrokerslosangeles.com/
- License #: CA DRE 01957174
Adrianna Smith
- Office: (424) 832-3410
- Cell: (424) 272-1773
- thebusinessbrokerslosangeles.com/
- License #: CA DRE 01957172
- Office: (424) 832-3410
- Cell: (424) 272-1773
- thebusinessbrokerslosangeles.com/
- License #: CA DRE 01957174
- Office: (424) 832-3410
- Cell: (424) 272-1773
- thebusinessbrokerslosangeles.com/
- License #: CA DRE 01957172
SELLER FINANCING AVAILABLE! This Semi-Absentee Law Practice was not affected by COVID-19. Revenue increased 4% - 5% year over year from 2019 to 2021!
Highly Successful Workers’ Compensation Law Firm for Sale! This is a rare opportunity in the legal space to acquire a highly reputable, profitable, and long-established workers’ compensation law firm located in Los Angeles County. The firm has been providing Workers' Compensation Services to the Greater Los Angeles Area since 2002 and has built an outstanding reputation as a market leader in the area.
The Firm has represented numerous clients in work injury cases and carries the experience that clients are looking for. This 20-year-old Law Firm has highly experienced, long-term employees, including paralegals who handle most cases that will remain at the firm. The Seller only works 15 - 25 hours per week and is willing to stay on with the buyer post-sale for a smooth transition. This is an exciting opportunity for an existing law firm looking to expand or for one or more lawyers looking to take over an existing successful law practice! This business is SBA pre-approved for a qualified buyer. Call now! Or email inquiries to: apapa@fcbb.com
Summary
- Semi-Absentee Seller works less than 15 – 25 hours per week
- Seller Financing Available with 50% down
- SBA Pre-Approved Business
- $256,054 Seller’s Discretionary Earnings
- $485,710 Gross Revenue for 2021
- Listing Price $500,000
- Excellent Books & Records (verifiable)
- 3 Seasoned and well-trained W2 Employees
Down Payment & Working Capital Required
The down payment required for this transaction is a minimum of $56,000 cash down payment with SBA financing OR $250,000 cash down with Seller Financing. Additional working capital of approximately $50,000 is recommended. A minimum FICO score of 680 is required for SBA financing.
Seller/s Role
The Seller presently works approximately 15 to 25 hours each per week, oversees operations, handles general administrative duties, bookkeeping, AR/AP, and supervises employees.
Inquiries from Principals Only.
| Gross Revenue | $485,710 | Listed Price | $500,000 |
| Total Income | $256,054 | Down Payment | $250,000 |
| Base Rent | $4,410 | Square Feet | 1193 |
| Total Rent | $4,410 | Lease Expiration | 03/2026 |
| Rent Deposit | $1,789 | Lease Options |
| Inventory | Not Included | Leasehold Improvements | $0 |
| Equipment / Fixtures | $12,804 | Other Assets |
| Full-Time Employees | 3 | Training Period | 2 Weeks |
| Part-Time Employees | Special License Required | State Bar License, City Business License | |
| Contract Staff | Reason for Selling | Pursuing a career to be judge |
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.