Feb 21

Do I need advisors, accounts, attorneys, etc?

Posted by Nhi Huynhin Permalink

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 […]

Feb 21

Should I list my own practice?

Posted by Nhi Huynhin Permalink

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. […]

Feb 21

What are the steps involved in selling a practice?

Posted by Nhi Huynhin Permalink

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 […]

Feb 21

Seller’s remorse is real

Posted by Nhi Huynhin Permalink

Selling your practice is a big undertaking that involves commitment and lot of work for everyone involved in the transaction. So please make sure you have given it a lot of thought and consideration before deciding to list your practice for sale. Here are some questions you should consider before initiating this sale: Why are […]

Feb 21

Honesty is the best policy

Posted by Nhi Huynhin Permalink

We always advise our seller clients to disclose everything up front so that nothing will come as a surprise to buyers when it is time to close the deal. Deals often fall apart at the last minute because certain situations or problems were not disclosed and resolved earlier in the transaction. This unfortunate event wastes […]

Feb 21

What LCF can do for you

Posted by Nhi Huynhin Permalink

As a seller, you must remember that LCF works primarily on your behalf to try to sell your practice at your desired price. We are on your side every step of the way. We will put your practice on the market (anonymously, if requested), help find a qualified buyer, and work with different parties involved […]

Feb 21

From the buyer’s perspective

Posted by Nhi Huynhin Permalink

Today’s buyers are very savvy when it comes to choosing a practice. They are often looking at more than one office at a time, and will try to close the deal as soon as possible to prevent lost opportunities. Sellers, therefore, need to understand what buyers are looking for in order to successfully sell their […]

Feb 21

Realistic Expectations

Posted by Nhi Huynhin Permalink

Sellers need to have realistic expectations about how to sell their practices and the price that they can expect. LCF’s staff is more than willing to work with sellers to put the office on the market, find qualified buyers, and coordinate every step in the transaction. But we cannot work effectively on the transaction if […]

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From Our Clients

  • "Your outstanding results will be shared with everyone I come across that may need a broker ...  Thanks for all your time and guidance with this challenging transaction.  "

    Dr. Danny T., Los Angeles County

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