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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General FAQ's

Why is there a surge in buyers looking to acquire law firms in September and October each year? Why are there so few accountancy firms for sale on your website? Do you provide accountancy practice valuations? Are business brokers regulated? What underhand tactics do business brokers use? How secure is our data? Do you offer due diligence services?