Firms for Sale Update – 16th January 2024

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New firms for sale from Jonathan Fagan Business Brokers, dated 16th January 2024

Good afternoon, below are the firms that we have recently listed on our website as well as a new firm that has listed with us.

Click here for our regularly updated list of firms for sale.

New Listings

Ref 100352 – London

Highly profitable audit firm based in central London looking for a sale due to forthcoming retirement of owner. £1.28 million turnover from established clients, team of 10 staff including experienced & qualified auditors. Limited company structure, share sale sought. Offers invited.

Recently Listed

Ref 100350 – National ABS

For Sale – ABS limited company law firm based in England with a continuous flow of UK-wide clients from guaranteed referral sources in a specialist field of law (litigation). Exceptionally rare opportunity to acquire a highly profitable, fully functioning ABS solicitors’ firm with ongoing regular guaranteed workflows and an established staff team. Firm currently turn non-specialist work away – potential to generate additional fees as well as expand. Turnover c£850k, net profit margin c36%. PII c£22k. Claims free practice. Business can operate on a fully remote basis, but there is an existing office available to lease (optional). Founder prepared to remain involved if required.

Ref 100346 – Cumbria

Well-established SRA regulated solicitors firm in Cumbria looking for a sale. A merger might be considered. Turnover £1.3 million. Team of staff for TUPE. Locally based clients mainly from repeat business and recommendations. CQS and Lexcel accredited. Mix of work 26% wills & probate, 15% corporate commercial, 17% commercial property, 14% residential property, 9% employment, 9% family, 10% civil litigation. Offices available freehold or leasehold. PII £64k. Partners willing to stay on as required.

Ref 100332 – Hertfordshire

SRA regulated sole practitioner’s firm for sale in Hertfordshire. No staff. Work split of 90% Conveyancing and 10% other. Mainly local clientele but the ability to work nationally. Profit on average of £54k over the past two years. Seller open to discuss consultancy to stay on with the business. PII £11,200 in 2022. No claims. Great opportunity as a shell for a buyer

Ref 100296 – Hertfordshire

Well established SRA Sole Practitioner in Hertfordshire. CQS accredited with lender panel membership where possible, looking for a sale or disposal. Conveyancer remaining with the firm, 85% residential and commercial conveyancing, 15% private client. Locally based clients mainly from recommendation. Firm located just off high street in easily accessible location with ground floor premises. Lease available. PII premium £12k, no claims. Owner looking to retire – will consider all proposals.

If you would like further details on any of these firm, please reply to this email or get in touch.

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