If you’re about to sign a listing agreement with a medical practice broker, you shouldn’t just be thinking about selling your practice: you need to be ready. Signing the agreement means you have decided you will sell and are fully committed to the process. There is no more batting around the idea or talking to colleagues about what they did. You’re selling.
There are many internal and external factors that influence a sale or partnership. If you are considering if it is the right time to sell your business, you should think about both internal and external factors to help you make a decision. This guide can help you with those considerations.
Setting expectations for long-term and short-term gains when selling your practice.
Selling your practice is typically a once-in-a-lifetime event. With its extraordinary occurrence, sellers should assume a steep learning curve as they navigate such a cumulative and detailed process.
After decades of hard work, you have built a practice worth selling. If selling a medical practice to private equity or corporate buyers is an option for you, congratulations on getting to this point in your career.
Healthcare professionals often have a goal to own the real estate that houses their practice. If you have achieved this target and are now looking to sell your practice, you may be wondering how owning the real estate factors into the transaction.
Selling your practice is a milestone moment in your life. You have spent a career building up a healthy and successful practice and are looking for a buyer who will affirm the value of your work.
What you want determines how long it will take. One of the top questions we as health care brokers receive is, “How long will it take for me to sell?” The short answer is – selling your practice takes about six months. The long answer is it depends on what your goals are. Here are …
Do I need to hire a local broker? It depends on who you are selling your practice to.
A good broker seeks to proactively offer a complete picture of the practice, in an effort to establish trust and credibility with the buyer early on in the process.