What are the steps involved in buying a practice?

February 21, 2014 by Nhi Huynh in

What are the steps involved in buying a practice?

There are many steps involved in buying a practice. But here the major ones are as follows:
– Tell LCF the practice that you are interested in.
– We schedule an appointment for you to visit the office.
– We help you make an offer upon your terms and conditions.
– We negotiate with the seller to help reach an agreement on the
purchasing terms.
– You do the “due diligence” of reviewing the financials, equipment etc. Buyers retain attorneys pr consultants to do paper work at extra cost. Some buyers do the “do diligence themselves. (It’s a personal choice.)
– We negotiate with the landlord to transfer the lease from the seller to the buyer.
– We set up escrow for you.
– You close escrow when all is complete.

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From Our Clients

  • "From the first meeting with Loc Pham, I felt confident. He found Buyers for my practice within a few days after I listed it. Within a week I had an offer then everything was history."

    Dr. Agnes M. Brea, CA

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