This is a thriving, well-established high street solicitor’s practice, located in a young up-and-coming Southwest London borough.

The practice is located on a prosperous high street, a stone throw away from bars, restaurants and local amenities. The offices are within a 10 minute walk of three train stations, which cover both the London underground network and the London overground service.

This is a stand-alone practice which is part of a wider multi-site firm, which has offices located throughout central London. Therefore, upon acquisition, a name change would be imperative. The principals are interested in selling the entire practice as a going concern.

The offices have excellent visibility with a large sign outside, which attracts passing trade. Upon purchase, this sign could easily be amended to a new name. The freehold is owned by one of the Principals of the firm, who would be willing to assign the existing lease or grant a new lease to the purchaser. The practice has a good PI record and has had no difficulty in renewing its insurance cover.

In addition to the three Partners, there are two further fee earners, plus five members of staff.

Turnover for the last few two years has been in excess of £1m.  There is significant potential for any purchaser to expand the practice and significantly boost turnover.”

The bulk of the firm’s revenue is generated from residential property transactions (85.5%), landlord & tenant & lease extensions (8%) , probate (3%) and wills & lasting powers of attorney (3.5%).  The practice holds excess of 600 wills,  together with approximately 70 powers of attorney.  The firm is completing and storing approximately 100 wills a year plus powers of attorney.  No litigation or legal aid work is undertaken.

This practice would be ideal for one or two individuals who are looking to start up their own law firm, particularly in a young and dynamic area. We believe this practice would also be of interest to firms in the provinces who would like to expand their exposure to legal work in London. Because of the excellent geographical location, there is incredible potential for expansion.

For further information on this Practice please email blc.reception.fox@gmail.com 

Quoting ” SW London”.