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.
Most reasonably priced practice at a good location can sell within a couple of months. Some practices take longer to sell depending upon the asking price, parties involved and personality of buyer/seller.
There are many steps involved in selling a practice. Here are a few major ones. – Be determined that you are going to sell your practice. – Gather office documents: 3 years of business tax returns, last year’s profit and loss statement if last year’s tax return is not available, list of office equipments, lease […]
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. […]
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 […]
