Solicitors Specialising In Immigration Law For Sale

Business description

Established in 2001 this very busy and expanding legal firm has established itself as a leading specialist in immigration law within the North West region.. In this time the business has continued to grow both clients and turnover year on year in a practice that has plenty of room to expand within their existing premises and operation, and with excellent future growth potential still to be enjoyed. Furthermore the property itself represents an excellent investment opportunity in an area of the city that is enjoying major ongoing redevelopment.

This practice is ideally located on a very busy thoroughfare very close to the city centre. It is also on major bus routes thus making the business very accessible to all clients and providing them with a constant stream of passing foot traffic.

The practice deals solely in Immigration law 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 immigration lawyer. He has also practiced previously as a criminal lawyer. The vendor represents all his clients in court personally and is ably supported by his administration team. It is this level of service and personal touch, combined with speedy response to all enquiries 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 as 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 into the future.

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 immigration practice with excellent market presence and reputation, not to mention high additional profits and an impressive growth pattern that is expected to continue.

With a quick return on investment and the added benefit of a sound freehold opportunity, this business also offers lots of potential still to be enjoyed and benefited from. This could be ideal for a firm of solicitors wishing to move out from the high rents of the inner city to an easily accessible and well established practice, with lower overheads and plenty of room for expansion, or for a solicitor wishing to carve out their own niche in this industry.

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.

The practice is fully regulated by Solicitors Regulatory Authority( SRA) and are also members of the Immigration Law Practitioners Association (ILPA).

Key Strengths:

Speed and service are just two of the many areas that this practice believes sets them apart from and gives them a clear competitive edge, over other business’ and their local touch offered with clear, concise and diligent advice on all occasions certainly helps too.

The vendor has built on an already successful name and reputation that has resulted in customer relations founded on a history of trading satisfaction and not contingent upon particular relationships with the vendor.

The business is well established and profitable. It also enjoys positive cash flows such is its fee structure.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable with very low overheads and positive cash flow, enjoys extremely strong customer traffic and has shown consistent growth over the years of trading. Current turnover is circa £267,000 p.a. Fee revenues are expected to continue growing.

Property information

Property:

Freehold

Location:

The practice operates from substantial freehold period premises just outside the main city centre of Manchester. The business has good frontage and signage. The area is enjoying massive regeneration at present making the freehold a very favourable proposition. The property is spread over 5 floors. There is a basement that is currently used for dry storage.

There is a ground floor reception and waiting room with rear administration office. On the first floor there is a cashiers office and two further offices. The second and third floors house living accommodation and comprise kitchen, living room, bathroom, bedroom and further storage. The vendors tend to stay in the accommodation during the week to avoid commuting time. However it could easily be converted to further office space if so required. There is also rear access to the building and secure parking for up to 4 cars.
Freehold valuation circa £450,000. Rates are circa £5412 p.a.

The vendors preference is to sell the freehold with the business but may consider leasing subject to negotiation.

Other information

Expansion potential:

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. It has never actively promoted itself and would certainly benefit from some marketing and the development of an internet presence.

This business is based in an attractive and busy location and could certainly achieve increased sales and profits with the addition of further fee earners within the practice. The business would ideally suit an new owner who could build on this Company’s excellent reputation and relationships with the client market.

Competition / Market:

The business has never advertised, relying on the bulk of their work being referrals and recommendations, so there are excellent opportunities to develop the name perhaps through marketing the business more aggressively and to significantly increase turnover. There is no website currently but development and minimal investment in this area would also undoubtedly increase turnover and subsequent profits.

Reasons for selling:

The vendor is looking to take early retirement. He is more than happy to provide an comprehensive handover to a new owner and would consider staying on for a period of time subject to negotiation..

Trading hours:

Monday – Thursday: 9.00 – 5.00
Friday: Office is closed for clients but not staff