WHAT IS YOUR PRACTICE REALLY WORTH?
Having a good understanding of your practice value is essential to pricing it well. We are here to provide you with the correct value in an ever-changing market. Your practice value may differ depending on the type of transition you are seeking, whether it's a 100% sale, or perhaps selling shares in your practice to another doctor, or if you desire a maximum value in the corporate space. All three sales structures will have different values and obligation considerations.
KEEPING IT ALL CONFIDENTIAL
Keeping your identity confidential is important. Each potential party is properly pre-qualified to ensure they are a serious purchaser. If you already have your purchaser lined up, we still need to make sure there is an alignment of future goals and validate the purchaser's access to capital. Don't work with a broker who is quick to share your financials and personal information with just anyone. It’s important that you choose the right firm to work in your best interest.
HOW LONG WILL THIS TAKE?
Under the best circumstances it will take a few days to complete the appraisal of the practice, determine the preferred transition and prepare for marketing, The time required to locate the right purchaser can be weeks to months depending on market demand and pricing. Once an offer is accepted the time to each closing is usually within 4 days. If the goal is to go the corporate route, the timing could be a few months depending on the data availability and due diligence time required.
WE ARE READY WHEN YOU ARE.
If your ready to work less hours, escape the management requirements but not ready to transition out, perhaps we can arrange a structured exit over the next few years. We can craft a special exit structure to maximize your practice value while removing much of the day to day management duties. We can recommend a balanced plan just for you. Contact us today.