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Business for sale in United Kingdom - Cm018-solicitors practice specialising in personal injury & industrial diseases-liverpool

| Asking Price: | 500,000 £ | |
Real Estate: | Lease |
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| Sales Revenue: | 390,000 £ | ||||||||||
| Net Profit: | 100,000 £ | ||||||||||
| Year Established: | 2002 | ||||||||||
| Employees: | 5FT, 2PT | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business description

established in 2002 this very busy legal firm has established itself as a leading specialist in personal injury litigation and to a lesser extent, industrial disease casework. Since inception the business has continued to grow both it’s client cases and revenues year on year in a practice that has plenty of room to expand within their existing operation, and with excellent future growth potential still to be enjoyed. It specialises in the following areas: • road traffic accidents • motorcycle accidents • accidents at work • actions against the police • child injury • trips or slips • personal injury • industrial disease this practice is ideally located at a prestigious address in the city centre. It is also on major public transport routes thus making the business very accessible to all clients. The practice deals predominantly in personal injury cases(95%) on a cost-effective no win no fee basis and has built up a sterling reputation in this very busy and expanding field. The vendor is the sole fee generator and is a fully qualified lawyer. The vendor represents all his clients in court personally and is ably supported by a superb structured administration and practice team. It is the level of service and personal touch, combined with speedy response to all enquiries, not to mention impressive success rates, that truly sets them apart from other practices and has been the basis for their growth pattern to date. The business has a reputation among their clients at being very good at what they do, reliable and efficient; a reputation that has been hard won and maintained each and every day, due to the knowledge, unswerving diligence and hard work imparted by all staff and principle. This is a business that has carved a niche for itself and will maintain this niche into the future, providing ever greater levels of growth and profit. With a highly impressive historical client base and ever increasing numbers of referrals and recommendations this is a remarkable opportunity offered to a solicitor to branch out on their own with a lucrative and profitable business, or for an existing practice to acquire a specialist practice with excellent market presence and reputation, not to mention high additional profits and an impressive growth pattern that is expected to continue. Customer service: the business considers simply that happy clients come back and also recommend services to friends and colleagues and on that simple basis has maintained levels of service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of ongoing custom and the choice of this practice by new clients over competitors. A client centred, welcoming and friendly service is offered with excellent professional advice. Every effort is made in order to satisfy client requirements. This business does everything possible to enhance its excellent reputation and to develop commitment to clients needs providing thorough and high, added value service, with a promise of trust earned over the many years where client welfare is paramount. This is backed up by the company’s no win no fee guarantee. The practice is fully regulated by solicitors regulatory authority( sra). Key strengths: this firm provides top quality professional legal services and specialises in compensation claims for personal injury and industrial disease.. It is one of the most established practices in the area, with the owner of the practice having been in the personal injury business for many years. Big enough to understand clients needs and offer excellent services, but small enough to ensure a friendly, hands-on approach. This is a respected practice with an excellent history and impeccable reputation that is primed and ready for growth. It also benefits from having dispensing funding in place and all its cases are insured on an interest free basis, a key advantage in this sector. The client base is substantial and the practice receives many recommendations from previous clients. Current casework and work in progress has a net worth of circa £1million and work is ongoing on this pipeline. Clients are based throughout the uk and the business is particularly strong within north west and midlands. This established firm is proud to practice a ‘hands on’ approach providing good service to clients in the pursuit of their personal injury claims and has a highly impressive success rate circa 87%. Much of the work is generated by the personal recommendations of previous clients for whom the practice provides a comprehensive service. They keep in touch with clients to ensure concerned parties are kept fully abreast of developments of their case. Much of the above is due to the practice team. The practice has an excellent level of staff who are a real asset of the business. Growth and expansion: the current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. Additional growth could also be achieved by improving the exposure of the business as well as maximising its position as an approved personal injury solicitor for one of the major accident referral companies. It currently receives just 10 cases a month via this route through choice but it is understood that if required the number of cases referred could be substantially higher. This could certainly achieve increased revenues and profits with the addition of further fee earners within the practice. Key opportunities: there is an excellent opportunity to build on the existing base of this company. With a strong demand for services and capacity to increase turnover within the current location a new owner would contribute fresh ideas and outside influence to build on an excellent base. The industrial disease market represents a significant opportunity for further development as does the volume of cases via the national accident referral organisation.
Additional information

| Additional information: | Not Disclosed |
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| Support & training: | Not Disclosed |
| Reasons for selling: | The vendor is looking to take early retirement and spend more time in his holiday home abroad. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate

| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Current rent is circa £888/month. Rates are £2080 p.a. |
| Location: | The practice operates from leasehold period premises in the commercial business district within the city centre of Liverpool. The business is spread over two floors within a multi-occupancy building. Total area is circa 800 square feet comprising offices, kitchen facilities, file storage and toilets. Current rent is circa £888/month. Rates are £2080 p.a. The current lease(verbal) is for 5 years but it is understood that the landlord is very flexible and a new lease or relocation for that matter, would not pose a significant problem. |
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