|REF||STATE||LOCATION||ANNUAL GROSS $||STATUS||PRIVATE SALE / BROKER|
|3455||AZ||Scottsdale, Arizona||$4,600,000||sold||Berkshire Business Sale & Acquisitions|
This Phoenix-area business law firm represents a strategic purchase for a CPA firm or financial service firm buyer looking to expand into additional services and increase revenue. Due to a very recent rules change by the Arizona Supreme Court; this state will be the first to permit non-attorneys to own law firms.
This particular firm works with business clients and high net worth individuals in the areas of business transactions, estate planning (including trust administration), bankruptcy, real estate, and business litigation. The mix of services is a perfect match for CPA firms, wealth management firms, trust administration firms and investment banks. The selling principal is willing to stay on for 2 or 3 years to help ensure a smooth transition and compliance with the state board. Cash flow and revenue metrics disclosed are a 3 year weighted average.