Location: East Sussex – 871

Headline Points:

• Sales for the Year Ended 31^st March 2024 £892,963 with excellent profits.

• Sales for the Year Ended 31^st March 2023 £933,046 with excellent profits.

• Professional Indemnity Insurance and Breakdown of Work Types:

• Summary of the work splits for the last 2-years:

• Professional Indemnity Insurance

• Headcount:

• Four Fee earner

• One Accounts Manager – part time

• Four Secretaries – three of which are full time

• One Receptionist / Legal Assistant – part time

• One Receptionist – part time.

• Premises:

• Annual Rent £35,000

• Lease expires May 2029

• Lease to be assigned on sale/merger etc of the business.

Herewith Terms for the Sale/Merger/Take-over etc of Law Practice

1. Goodwill, Work-In-Progress, Furniture, Fixtures, Fittings, Equipment and Library – Offer invited.

2. Offices are fully furnished and chattels are transferrable to the acquiring practice.

3. The acquirer/merging entity of this business to be the Successor practice.

4. Office Premises:  Lease to be assigned.

5. The acquirer of this practice will be required to take-over the unexpired part of all on-going agreements relating to future payments for software licenses, equipment, furniture, fixtures, fittings, storage rental, PI insurance, library and any payments made for the running of the practice.

6. Consultancy:  On-going working status / arrangements and remuneration to be negotiated.

7. Money held in Office Bank Account and Office Debtors do not transfer to the acquirer.  Clients’ Accounts, both Current and Deposit will be reconciled and transferred to the acquirer.  Ongoing payments commencing the first day after date of transfer of the business will be discharged by the acquirer of the business.