Practice for Sale – PE Postcode area – Norfolk

We are delighted to have been retained by a Two Partner Solicitors’ Practice based in the PE postcode area of Norfolk. The Partners are interested in selling and/or merging their Practice as a going concern due to the proposed retirement of one of the Partners but the other would be prepared to remain as a consultant for a short while after disposal to assist with a smooth transition.

Turnover for the current financial year is projected to be in the region of £620,000 and was made up approximately of Wills/Trust/Probate/EPAs [23%], Property [21%], Litigation [33%], Matrimonial [10%], P. I. [5%] and Miscellaneous [8%].

This old established Practice has been in the area for over 120 years and is situated on a road just 100 yards from the centre of this Norfolk market town.

Apart from the Partners, there are 5 support staff.

The Practice, which does not hold any Legal Aid Franchises, occupies offices which are owned by the Partners. The Practice also holds about 1,200 wills, deeds and EPAs.

This Practice has phenomenal potential for growth. From this Firms’ offices, Clients in Norwich, Cambridge, Kings Lynn, Peterborough, Wisbech, Downham Market and Swaffham could be easily be targeted. In addition, there is a direct train service to London.

We believe this Practice would be of interest to provincial Firms wishing to gain a foothold in Norfolk 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.