BUSINESS FOR SALE - A BUSINESS SPECIALISING IN PRIVATE CLIENT LAW WORK IN THE SOUTH WEST

A well-established law firm specialising in private client work based in the South West, offering a range of services, including;
Family, Wills and Probate, Court of Protection and Residential Conveyancing.

The sole practitioner is looking to conduct a sale of the business and assets due to retirement. The Business principally operates from 2 leasehold properties which are both based in high street locations.

The assets available for sale include; Work in Progress of c.£83k in respect of 189 active files, a Will Bank and LPAs of approximately 3.5k, debtors and fixtures and fittings.

Turnover per the draft unaudited financial statements for the year ended 30 April 2021 was c.£376.6k with a net profit of c.£10.7k, and unaudited statutory accounts show turnover of c.£592.5k with a net profit of c.£11k for the year ended 30 April 2020.

The Business has 8 employees across the 2 offices on various contractual arrangements.

To protect the Company’s goodwill and trade, it is proposed that any sale will need to be completed within a relatively short timescale and, as such, this opportunity is only likely to be available for a short period of time.

Following receipt of expressions of interest, and a signed Non-Disclosure Agreement, brief sales particulars will be provided via a data room. Offers for the purchase of the business and/or its assets as a going concern, by way of sealed bids, need to be sent to PKF Smith Cooper by 12 noon on 20 October 2021, together with evidence of funding.

When submitting your offer, please provide contact details of your solicitors and evidence of funding to expedite matters.

If you are interested in pursuing this opportunity further, please contact one of the following for additional information:

Dean Nelson
+44 (0)1332 332 021
dean.nelson@pkfsmithcooper.com

Emily Oliver
+44 (0)1332 332 021
emily.oliver@pkfsmithcooper.com

This document is directed only to Recipients who may be interested in making an offer that would qualify for exemption under Article 62 (Sale of a Body Corporate), or to Investment Professionals as defined by Article 19 and High Net Worth Entities as defined by Article 49, of the Financial Promotions Order 2005. No other persons should rely on this document.

The purpose of this document is to assist Recipients in deciding whether to investigate the above opportunity. It is not intended to form the basis of any transaction. Recipients must make their own independent assessment of the opportunity and should obtain independent professional advice. The information in this document has not been independently verified by PKF Smith Cooper, which does not give, nor has it any authority to give, any representation or warranty (express or implied) as to its accuracy or completeness.

PKF Smith Cooper is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business and consumer credit activities.