Selling your practice is likely the largest financial decision you will make in your lifetime, so it is important to choose a health care practice broker you trust. To help navigate this crucial choice, we have compiled a list of three qualities you should take into account when hiring a medical broker to assist with the sale of your practice.
You’ve likely heard the term practice valuation, perhaps from a fellow doctor, or slung around online but do you know how Transitions Brokers arrive at the listing price for dental practice or medical practice?
As you begin to explore selling your practice, you may have heard that you need a certified valuation. You may have also heard the term appraisal, broker’s opinion of value, or valuation. If you’re a doctor interested in buying or selling a practice and believe that you need a certified valuation from a CPA, read
Successful Pediatric Dentist Chooses The Practice Companies as the Transition Consultants to Lead Her Sale
Wonderland Pediatric Dentistry was founded by Dr. Alice Bui as a dental start-up. She established the practice from the ground up, going from zero patients to thousands. She invested her blood, sweat, and tears into her work. So when the pressure of family life and practice ownership came to a head, it wasn’t easy to
In the Transitions division of our business, where we help dentists sell their practices, we’ve seen a few common decisions that make some practices much harder to sell than others. When a practice is harder to sell, we get fewer offers and lose a lot of negotiating leverage with potential buyers. To be clear, our
While not often discussed explicitly when searching for a location, the real estate you choose for your practice can have a significant impact on the value of your practice in a sale. Real Estate is One of Your Largest Fixed Costs Real Estate is Typically the second or third largest cost for a practice behind
You’ve put your practice on the market. You found a buyer. Now you begin negotiating a proposal letter. So what do you need to do to make sure it’s an offer the buyer can’t refuse? What’s important to you as the seller will depend largely on your needs and why you are selling the practice.