Jul 11

What type of financial documents do I need to finance a practice?

Posted by Nhi Huynhin Permalink

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 […]

Jul 09

Should I always choose the highest offer for my practice?

Posted by Nhi Huynhin Permalink

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 […]

Apr 06

Dr. McPherson

Posted by Nhi Huynhin Permalink

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.

Mar 20

Dr. S. Najimudeen

Posted by Nhi Huynhin Permalink

They truly care about the transaction whether it is big or small.

Mar 17

Dr. Pham

Posted by Nhi Huynhin Permalink

He is very professional, quick and reliable.

Mar 12

Dr. H. Dang

Posted by Nhi Huynhin Permalink

The LCF staff was always so diligent, helpful, prompt and professional.

Feb 21

What is the value of my practice?

Posted by Nhi Huynhin Permalink

Unfortunately, no one can quantify the value of a practice on the dollar amount. The price for the practice is based on what buyers and sellers agree upon as a market price, after taking into consideration time of the transaction, revenue, expenses, potential earnings and etc…

Feb 21

How long does it take to sell my practice?

Posted by Nhi Huynhin Permalink

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.

Feb 21

How do I prepare my practice for sale?

Posted by Nhi Huynhin Permalink

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. […]

Feb 21

Should I let employees and staffs know that my practice is for sale?

Posted by Nhi Huynhin Permalink

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 […]

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From Our Clients

  • "Working with Loc was a pleasant experience as he helped me sell my practice which enabled me to move into the next phase of my life with my family.  Loc is intelligent, knowledgeable and detail oriented.   He helped me see so many different angles and perspectives of this complex process which gave me the […]"

    Dr. Gomez

Contact

Contact LCF Practice Sales and Financing, a division of LCF Financial, Inc.

Address

515 North Fairview St.
Santa Ana, CA. 92703

Phone

(714) 550-7494

Special Need Please Call:

1 (800) 550-9228

Fax

(714) 558-6051

Email

practice@lcffin.com