US Immigration and Citizenship Law Firm for Sale

• UK based law firm practising exclusively US immigration and citizenship law.

• The sale offers an outstanding opportunity for a multi-discipline solicitors or legal practice to acquire a specialist practice in the niche area of US immigration and citizenship.

• The original firm having been founded almost 40 years ago, it has an excellent reputation in the market.

• It has a good split of work with approximately 60% from business clients, 30% from family applications, and the remaining 10% from a variety of matters including visa ineligibilities and questions of US citizenship and nationality law.

• Business clients include FTSE 100 companies and major businesses in the sectors of energy, technology, manufacturing, finance, consultancy, media and entertainment plus small- to medium-sized enterprises.

• The business has consistently delivered £600k - £700k revenue per annum over the last 5 years, with costs of sales at between 14% - 22%, and net profit between 30% and 40%.

• The forecast for 2017 is a turnover of £700k and net profit of £338k.

• In terms of employees, the practice is very lean for a business of this size; the main legal work is headed up by the vendor supported by two very able paralegals.

• The business has good systems and processes in place which will aid the transfer to new ownership.

• The business has prestigious offices in a prime central London location which is attractive to clients and conducive to good fee levels.

• It should be noted that this business could be run anywhere in the UK and even from a home office.

• Once the sale has been completed, the vendor will be happy to provide a full hand-over to ensure the successful transfer of clients to the buyer.

• The company has excellent financial management systems in place to help monitor and manage the business.

Products and Services:

• Expert legal assistance in the applications by business and family clients for Visas and Citizenship for the United States of America.

Employees:

• One full-time fully qualified lawyer (the vendor) and a team of two paralegals.

Premises:

• Central London business offices in a highly desirable and prestigious location.
• Rent and rates are £56,400 per annum plus service charges £20,350. Lease until 31st July 2020.

Reason for sale:

• The Vendor wishes to retire from practice and is committed to a full handover of the business to ensure a smooth transition into new ownership.

Financial overview:

• Replacement costs for the vendors have been included in the Adjusted EBITDA figures with an allowance of £70k for an experienced US Immigration solicitor to replace the vendor.