At the time you start to consider a transition out of ownership, it would be appropriate to discuss the various factors involved in this process, with an experienced sales team of professionals. The initial phases would be to understand the reasons for your transition out of ownership and what your plans are after a sale. Our primary focus is to assist you in achieving your goal while receiving the highest value possible. Let us help to ensure your legacy is protected.
In order to establish the initial value of your practice, we would begin with performing a professional appraisal. This is an in depth process that would involve discussions about policies, procedures, patients and analysis and normalization of the cash flow. We will also record and value the tangible assets of the practice such as the equipment and leasehold improvements.
Why is an appraisal so important you may ask? The appraisal is important for you, to establish a true, fair market value of your business. With this valuable piece of information in hand, you can then make an educated decision that if you sold your practice today, would your financial situation will allow you to continue to live in a lifestyle that you have been accustom to or that you have planned for in retirement. It is also important for the purchaser, in order to obtain financial advice from their advisors and approval of a financial institution for the funding of the purchase. Gone are the days of a vendor take-back mortgage. You have worked hard to build your business; you deserve to be paid in cash and in full on the day of closing.
