Property Conveyancing Practice, Melbourne
ActiveProfessional ServicesVictoriaB2B & B2C
Asking price
$352,000
Disclosed · AUD
Revenue
$725,000
TTM
Profit
$250,000
Implied multiple
1.4×
asking / earnings
Brief
- Established property conveyancing and legal practice operating from Melbourne's eastern suburbs since 1998.
- Approximately 450 matters completed per year, mostly on a fixed-fee basis
- Around 95% of revenue derived from property conveyancing work
- Average fee per file of approximately $1,600 (inc GST)
- Principal lawyer works around 25 hours per week, with paralegals handling most conveyancing work
- Bilingual (English/Chinese) capability serving a niche client base within the local Asian community
- Purchaser must hold or appoint a practitioner holding a current Victorian practising certificate
- Principal is selling to retire
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