This depends on whether you want to do a practice start-up, practice acquisition, practice expansion or leasehold improvements. Most banks and lenders want to see three year’s tax returns, credit report, personal financial statements and debt schedules. But each case is individualized and unique. So please contact one of our loan specialists for a free […]
Although the offering price is an important factor in the selling the practice, it should not be the most important one. We know that most sellers instinctively want the highest sale price. And buyers, due to the excitement of owning a practice, may give their highest offer. But as escrow progresses and due diligence is […]
I contacted Loc Pham and LCF Financial, he had a prospective buyer in mind already, who visited my office within 2 days, and the sale was completed within 1 month with no hassle.
They truly care about the transaction whether it is big or small.
He is very professional, quick and reliable.
The LCF staff was always so diligent, helpful, prompt and professional.
Clean up the office and clutters. We recommend that you physically clean up the office, get rid of the old/broken equipments, dust the floors/windows, anything that would make the office more attractive for buyers when they come to view your office. Secondly, we recommend that you clean up and reorganize the documents at your office. […]
We advice that you try to keep the sale of your practice reasonably confidential until the transaction is done. Some practices take longer than several months to sell. Informing employees early on that the practice is for sale may create a false expectation of when the practice will actually sell. Employees may then decide to […]
We recommend that you have qualified attorneys, accountants, consultants and “advisors” at each important phase of the sale. The major phases are Offer/Acceptance, Purchase Agreement, Lease Transfer, and etc… However, the cost of hiring these experts can be expensive. More importantly, some professionals (attorneys, accountants, consultants, and advisors) accept commissions for referrals known as “finder’s […]
Every seller wonders if it is in their best interest to list their own practice for sale. In reality, only a very small number of sellers could list their own practices and have good sales. This is because selling a practice is a full time job, even for people who are professionals in the field. […]