About the Business

Business ID: XB164717

Highly Profitable with Steady Annual Revenue over $720,000

Established in 1998, the practice operates from Melbourne’s eastern suburbs and has a clear and consistent focus on residential property conveyancing, supported by related legal services. Approximately 95% of revenue is derived from property-related matters.

A key strength of the practice is its long-standing client base and referral relationships, including active property investors, developers, and professional referrers. The business has developed a niche servicing clients within the local Asian community, supported by bilingual (English/Chinese) capability and cultural alignment, which has driven repeat engagements and referral continuity over many years.

The purchaser will be required to hold, or appoint a practitioner who holds, a current Victorian practising certificate and establish appropriate trust account and regulatory arrangements following completion.

A structured handover period will be provided to ensure continuity of client matters, systems, and key referral relationships.

Key Highlights for Legal Buyers

The practice completes approximately 450 matters per annum, predominantly on a fixed-fee basis, with an average fee per file of approximately $1,600 (inc GST).

- Existing Principal lawyer works approx. 25 hours per week with majority of the conveyancing work undertaken by paralegals

- Steady Gross fees over last 4 years between $700,000 to $750,000 per year

- Average adjusted profit to Principal Lawyer of $250,000 using average of most recent 2 years

- 95 % property conveyancing-generated revenue

- Approximately 450 completed matters per annum

- Experienced staff managing day-to-day file progression

- Strong repeat clients and referral-driven workflow

- Differentiated bilingual (English/Chinese) and culturally aligned client niche

- Structured handover to support regulatory and operational transition

The Principal is selling to retire from the business.

This opportunity is suited to:

- a sole practitioner or small firm seeking immediate scale and recurring income

- a legal principal seeking to acquire an established platform servicing a niche market rather than build organically

Asking Price: $352,000

This business is not suitable for non-legal buyers.

Further information is available to qualified legal buyers upon execution of a confidentiality agreement.