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.
Buyers purchase a practice based on current economics. This valuation takes into consideration the overall health of the practice – due in large part to a strong company culture and good staffing.
Setting expectations for long-term and short-term gains when selling your practice.
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 …
If you’re thinking about selling your medical or dental practice, it’s important to act quickly and get professional help from a broker. The longer you wait, the more money you could lose. Brokers understand the financial trends and can help you get the best possible price for your business. They will also navigate the stressful process and advocate on your behalf.
After decades of investing in your practice, we know that you are looking for a trustworthy partnership in selling your practice. A question that brokers are often asked is if we are incentivized on both the buying and selling side.
Do I need to hire a local broker? It depends on who you are selling your practice to.