Location: Devon – 931

Devon Law Firm for Sale

HEADLINE POINTS

Opportunity to acquire a boutique law practice operating from one site. Its specialist areas of work are agriculture, marine and succession planning.

Practice Revenue

• Year End is 31 March
• Total Income for the period 1 April 2026 to 31 October 2026, c £150,000 (obtained from internally prepared management accounts; subject to change)
• Total Income for the Year Ended 31 March 2026, £334,023
• Total Income for the Year Ended 31 March 2025, £261,898
• Work-In-Progress (WIP) as at 31 October 2026: c £45,000
• The practice operates on a positive cashflow basis and has no bank borrowings

Business Overview

• Well-established and highly respected law practice. Many clients have instructed it repeatedly, in some cases across generations of the same family
• The office is currently held under a lease at £16,000 per annum. If the premises are required after the sale of the business, the rent will be at the current market rate

• Breakdown of work types:
  • 22.66% Commercial Conveyancing
  • 12.25% Residential Conveyancing
  • 18.53% Probate & Estate Administration
  • 12.37% Wills
  • 10.00% Trusts
  • 24.19% Other work

• Professional Indemnity Insurance:
  • Period of cover: 22 June 2026 to 21 June 2027
  • Primary sum insured: £3,000,000
  • Total premium including IPT: £20,160

• Headcount:
  • Principal
  • One assistant, full time
  • Two assistants, part time

Transaction Overview

• Opportunity to acquire an established, well-run and profitable business, with or without office premises
• The Principal is willing to remain in the business as COLP and/or COFA, to ensure a smooth and effective transition following acquisition