Practice for Sale – NW10 Postcode - North West London

We are delighted to have been retained by a Sole Practitioners Solicitors’ Practice based in the NW10 postcode area of North West London.  The Principal is interested in selling the Practice as a going concern due to retirement but might be prepared to remain as a consultant for a short while after disposal to assist with a smooth transition.

Turnover is in the region of £250,000 and was made up approximately of Residential Conveyancing [26%], Wills/Trust/Probate [66%], Commercial Property [7%] and Miscellaneous Non-Litigious [1%].

This old established Practice has been in the area for over 80 years, [it is so long established that local families have over generations dissipated all over the Country and for whom they still act] and is situated on a high road in a long leased offices on a ground rent in the centre of a thriving and busy multi-ethnic and multi-cultural cosmopolitan area in North West London. It has close proximity to underground and national rail stations for easy access to Central London. There is also a major bus terminus and is a short drive to motorways and the A406.

The Practice, which does not hold any Legal Aid Franchises, occupies leased office space virtually in the centre of the town with considerable footfall and passing trade.  The practice also holds about 1,000 wills, deeds and EPAs.

Apart from the Principal, there are no other fee earners but there are 1½ full time equivalent support staff who have invaluable encyclopaedic knowledge of their matters, families and inter-relations.

This Practice has phenomenal potential for growth as it is in a very built up area.  From this Firms’ offices, Clients in Harlesden, Willesden, Stonebridge Park, Kilburn, Dollis Hill, Neasden, Stanmore, Kingsbury, Queensbury and Brent could easily be targeted, along with the North and North West of London.

We believe this Practice would be of interest to provincial Firms wishing to gain a foothold in North West London to develop their Commercial and Private Client bases in this increasingly attractive area.  We also expect this would be of interest to someone looking to acquire their first Practice as a going concern.

Contact us for more details.