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PARTNER WITH INDUSTRY LEADERS - DEVELOPMENT INCOME FUND FOR WHOLESALE INVESTORS
Summary
A local, long established conveyancing business trading for 25 years from an office in the outer suburbs, Easily home based. 1.4 FTE staff. Sales net of disbursements $225,000.
Revenue
$277,000 pa
Rent
$11,000 pa
Expenses
$153,000 pa
Net Profit
$113,000 pa
Potential
Clients are predominately repeat business having used our firm before, or referrals
from same – a few strategic partners and online enquiries round out the 200
average settlements a year, with net sales of $225,000 a year.
Hours
Monday to Friday 9-5.
Lease
Being online has facilitated working from home and remote work with ease. Lease is month to month, if desired.
Employees
This work is all easily managed with 1.4 FTE staff (currently run as 2 part time). We
have one principal, licensed who’s looking to retire and a second very experienced
conveyancer who’s willing to stay on.
Reason for Sale
Principle conveyancer and business owner - is looking to retire.
About the Business
For sale, a local, long established conveyancing business trading for 25 years from an office in the outer suburbs, with a solid reputation servicing clients all over the peninsula and state.
Clients are predominately repeat business having used our firm before, or referrals from same – a few strategic partners and online enquiries round out the 200 average settlements a year, with net sales of $225,000 a year.
This work is all easily managed with 1.4 FTE staff (currently run as 2 part time). We have one principal, licensed who’s looking to retire and a second very experienced conveyancer who’s willing to stay on.
The client base are usually owner occupiers buying and selling as they move about with some small scale developers completing subdivisions. The business has a SPEAR registration to make these easier to settle.
All file are kept electronically with Trisearch as the current database. There are some paper files are held for prior to 2020. Being online has facilitated working from home and remote work with ease.
The office is located on the corner of a main road with signage and attracts attention and clients enquiries. The space is compact but sufficient, if in need of a few cosmetic improvements. It’s condition is well reflected in the low rent on offer, though taking the lease would not be a condition of sale and the business will still thrive based on the existing customer goodwill built up.
In addition to all the current WIP and database, the sale price includes the trading name, telephone number, email and website domain and computer and printer equipment. The owner is willing to stay on to facilitate a seamless transition so that you can hit the ground running.
This opportunity would ideally suit an experienced conveyancer with (or willing to obtain) a conveyancing license looking to go out on their own and have a business they can step into and be earning from day one. Or a larger or legal practice looking to expand.
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