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 […]
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. […]
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…
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 […]
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 […]
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 […]
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 […]
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 […]